Mick Mulvaney is acting director of the Consumer Financial Protection Bureau. The CFPB said it will revamp the Consumer Advisory Board, known as the CAB, in the fall with all new members. On Monday, 11 CAB members held a news conference and criticized Mulvaney for, among other things, canceling legally required meetings with the group. The Consumer Advisory Board is required under the 2010 Dodd-Frank financial law. But several board members objected, noting that they would be willing to pay their own way to attend the meetings.

Source: Washington Post June 06, 2018 19:01 UTC