PhotoThe Consumer Financial Protection Bureau will allow payments to victims of financial crime to go forward as usual, the agency’s acting director, Mick Mulvaney, said on Monday, reversing a freeze he put in place last week. The decision was one of several steps to resume ordinary operations at the consumer bureau, Mr. Mulvaney said during a meeting with reporters. Mr. Cordray had picked his deputy, Leandra English, as the interim director while President Trump had chosen Mr. Mulvaney for the same role. Mr. Mulvaney won the fight and quickly asserted his hold over the agency and its 1,600 employees. On Nov. 27, he ordered an immediate halt to many of the agency’s operations, including hiring, contracting and payments from its civil penalties fund, which compensates victims of financial crimes.

Source: New York Times December 04, 2017 22:12 UTC