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Mulvaney requests zero funding for the consumer bureau

Source: Jim Puzzanghera, L.A.Times (Paid Registration)

In his first quarterly funding request as acting director of the Consumer Financial Protection Bureau, Mick Mulvaney is asking for nothing.

The request for no funding came as Mulvaney announced the first step toward an overhaul of the agency: a review of its entire operation. And on Tuesday, the bureau said it would consider revising or repealing regulations that were designed to protect consumers against harmful payday lenders.

Read Full Article: Mulvaney requests zero funding for the consumer bureau