Street Talk
Street Talk
Nathan Stovall | S&P Global Market Intelligence
Ep 26 - Financial consumer watchdog's powerful investigative tool faces overhaul
16 minutes Posted Jul 11, 2018 at 11:00 am.
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Show notes
Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, has changed the way the agency operates and reduced enforcement actions against banks. Now, Mulvaney is turning his attention to a powerful tool used by the agency called the civil investigative demand. S&P Global Market Intelligence colleague Brian Cheung discusses how the CFPB uses the tool and what changes could mean for banks and consumers.