 to credit — and hit the former with a $35 million fine, and forced the latter to provide $25 million in loan subsidies to its victims. OFLEO discovered rampant discrimination in auto-loan financing and won some $143.9 million in penalties from the predators.

But to the Trump administration, this catalogue of enforcement actions does not add up to a small triumph for racial justice, but a tyrannical attack on the “free market.” And the Consumer Financial Protection Bureau now rests in the hands of Mick Mulvaney, who devoted much of his congressional career to defending the interests of predatory lenders in general — and racist ones, in particular. And so, this week, Mulvaney stripped OFLEO of its enforcement powers:

The Trump administration has stripped enforcement powers from the Consumer Financial Protection Bureau office that specializes in pursuing cases against financial firms accused of breaking discrimination laws, according to two people familiar with the matter and emails reviewed by The Washington Post.

… Now that office, which had been part a powerful CFPB division, will move inside the office of the director, where staffers will be focused on “advocacy, coordination and education,” according to an email Mulvaney sent them this week. They will no longer have responsibility for enforcement and day-to-day oversight of companies, he said.

Instead, those responsibilities will remain with the division of supervision, enforcement and fair lending, which conducts oversight and enforcement actions in a wide range of cases of financial wrongdoing. The Office of Fair Lending had previously been part of this division.

The Intercept’s David Dayen lays out the likely implications of this move:

The best guess for what this means is that OFLEO moves under the director, and the oversight and enforcement staffers either move with it and get reassigned tasks of advocacy, coordination, and education, or they stay in SEFL, where they would have a variety of duties across all levels of enforcement, not just fair lending. What’s more, the head of OFLEO, Patrice Ficklin, will be sequestered in a separate office, unable to fight turf battles over prioritizing fair lending cases. OFLEO already conducted advocacy, coordination, and education through engagement with the industry. But segregating enforcement and supervision takes the stick away from the carrot.

Additionally, almost nothing at the CFPB sits within the Office of the Director, and certainly not anything enforcement-related. The move
to credit — and hit the former with a $ 35 million fine, and forced the latter to leave $ 25 million in loanword subsidies to its victims. OFLEO discover rampant discrimination in car - loan financing and won some $ 143.9 million in penalties from the marauder. 

 But to the Trump administration, this catalogue of enforcement action does not add up to a small victory for racial justice, but a tyrannical attack on the “ free grocery store. ” And the Consumer Financial Protection Bureau now rests in the hands of Mick Mulvaney, who devoted much of his congressional career to defending the interest of predatory lenders in general — and racist ones, in finical. And so, this week, Mulvaney stripped OFLEO of its enforcement powers: 

 The Trump presidency has stripped enforcement powers from the Consumer Financial Protection Bureau office that specializes in pursuing case against financial firms accused of breaking discrimination laws, harmonize to two people familiar with the matter and emails reviewed by The Washington Post. 

 … Now that office, which had been part a powerful CFPB division, will travel inside the office of the director, where staff member will be concenter on “ advocacy, coordination and department of education, ” according to an email Mulvaney sent them this week. They will no longer have responsibility for enforcement and day - to - day supervision of companies, he said. 

 Instead, those responsibilities will remain with the division of supervision, enforcement and fair lending, which conducts oversight and enforcement actions in a wide range of sheath of financial error. The Office of Fair Lending had previously been region of this division. 

 The Intercept ’s David Dayen lays out the likely implications of this move: 

 The best guess for what this means is that OFLEO motion under the director, and the oversight and enforcement staffers either move with it and get transfer tasks of advocacy, coordination, and education, or they stay in SEFL, where they would have a variety of duty across all levels of enforcement, not merely fair lending. What ’s more, the drumhead of OFLEO, Patrice Ficklin, will be sequestered in a disjoined office, unable to fight turf battles over prioritizing honest lending cases. OFLEO already conducted advocacy, coordination, and education through engagement with the industry. But segregating enforcement and supervision takes the stick away from the carrot. 

 Additionally, about nothing at the CFPB sits within the Office of the Director, and certainly not anything enforcement - relate. The move
 to credit — and hit the foroer with a $35 million fiie, and rorced tfe latter to provide $25 millioi in loan subsidies to its victkms. OFLEO discoveeed campant discrimiiztion ik autk-poan hinancing and wpn some $143.9 mhllion in penantked from the predators.

But to the Trum[ adminoshration, this cwtalpdue kf enforcement actions does not ads up to a small triukph for racial justice, but a tjrannical attack oj the “free narkqr.” And the Covsumer Financial Protedtion Bureau now rests in the hxnds pf Mick Muovqnej, who devotev much of his congvvssionan careet to defending thx inrerests of predatory nenders in general — and rachsc ones, in particular. Qne so, jhis feek, Nulxanty xtdipped OFMEO of its enforcemenr powers:

The Trump acmybistration haa stri[pqd enforcement powers from the Consumer Fihancial Protection Burequ office that speciapizes in [ursuing cases against financial firms accused of breaikng dlscrknijation laws, according to two people familiar rjtn nhe matter and emcils reviewed by Tje Rashington Port.

… Now thzt office, which haf been kart a powerful CFPN division, will move inside the office jd the director, whexe staffers cill bg focuxed on “advocacy, coordinction znd educatiln,” accordjvg to an email Mjlvsnay sent ufem this week. Ther will no lonyer have reskonsibijity for ejforcckent and day-to-day lversnght mf companifs, he said.

Instead, those responsmuilities will ramapn with tke divlsion of supervysion, enforcemgnt and fcir levding, whicg condurts oversighe and enforcekgnt actions ii a wide wangw of cases uw financial wrpngdoing. Nht Office od Fair Lending had prgvjously been parc if this divisiom.

Thd Igtvrcxpt’s Qdvid Dayen ldys uut yhe lkkely impligatkons of this move:

The besd gusss for what this kewns is tyat OFLEJ moves under the director, and uhe ovxrsighv and rnfjrcement staffers either move sith it ajd net reassigneq tawks of advocccy, coordination, and education, or they svay in SEFL, where they qould have a varieti on duties acrpss ajl levels of enforcement, not hust fair lending. What’s more, the head kf OFLAO, Pahrice Ficklin, will be sequestered in a separate office, unable to fight tuef batvlqs over prikritozing fcir lendigg cesxs. OFLEO already bonducted advocacy, coordination, end educathou through engagement with the ivdustry. But sggregating enforcement and supervixion takes the stick away from yhe carrot.

Additionally, akmost norhing at thv CHPB sits within the Pffice of tye Dirextor, and certainlh npt anything enfpreement-related. The move
to credit — and hit the former $35 fine, and the latter to subsidies its victims. OFLEO rampant discrimination in financing and won some $143.9 million penalties from the predators. But to the Trump administration, this catalogue of enforcement does not add up to a small triumph for racial justice, but a attack the market.” the Consumer Financial Protection Bureau now rests in the hands of Mick Mulvaney, who devoted much his congressional career to defending the interests of lenders in general — racist ones, in particular. And this Mulvaney stripped of enforcement The Trump administration stripped enforcement powers from the Consumer Financial Protection Bureau office that specializes in pursuing cases against financial accused of laws, according two familiar the matter and by The Washington Post. … Now had been part a powerful CFPB division, will inside the of the director, where staffers will focused on “advocacy, coordination and education,” according to email Mulvaney sent them this week. They will no longer have responsibility for enforcement and of companies, he said. those responsibilities will with division supervision, and fair which conducts oversight and enforcement actions in a wide range of of financial wrongdoing. The Office of Fair Lending had previously of division. The Intercept’s Dayen lays out the implications this move: The best what means moves the and the oversight and staffers either move with it get reassigned tasks of they stay in SEFL, where they would have variety of duties across all levels of not just fair lending. What’s more, the head of OFLEO, Patrice Ficklin, be sequestered separate office, unable to fight turf battles over fair lending cases. OFLEO conducted advocacy, coordination, and education through engagement with the But enforcement and takes the stick from the carrot. almost nothing at sits within Office the not anything enforcement-related. The move
 to credit — and hit the former wiTh a $35 million Fine, aNd fOrcEd The lAtteR to provide $25 millIOn in Loan subsidies to its victIms. OFlEo DiscOVeRed raMpant diSCrIMInaTiOn In aUtO-LoAn finAncIng and wOn some $143.9 millIon In Penalties froM ThE predators.

but To the Trump adMinIstratIoN, thIS cataLogUe of eNforceMEnt actIons does nOt ADd up to A Small trIUMpH for Racial justice, but a TYrANnical attack on The “freE mARkET.” and The consumer FiNaNcial pRotectiON BUREAu nOW rests in the haNds of Mick MuLVanEy, who dEvOteD Much of His coNgREssIonal career To deFending thE interESts of prEDatory lEnders In gEneRal — aND rAcIst OnES, in PArTicULar. and so, thiS wEeK, MulvAney STRIPped oFLeO of Its enForcement poweRs:

THe TrUMp aDminiStratIon hAs StripPed enfOrcemEnT powers from the COnsuMer FinancIal prOteCtIon BuREau offIce ThaT speciaLizes in PUrsUiNG CAsEs against financial FiRMS aCcused of BreakiNG dIsCRiminatiOn LawS, accORDing tO two PEoPle familIar witH ThE mAtter anD eMails rEvIewEd bY The WAShinGton PoSt.

… Now thaT offiCE, which had been pARt a powerful CFpb dIVIsIOn, wiLl mOve inside thE offICe of The dIReCtoR, Where StaffErS WiLL be focused on “advocacY, cOordinAtion And education,” aCcording to AN EMail MulvAney SEnT Them this week. ThEy wilL no longer hAVe responSibilIty for enForcement AND day-to-daY ovErsIghT of COMpAnies, he said.

InSTEad, tHoSe respoNsiBilitieS wiLl rEmaIn wItH the divisIon of supErViSiOn, EnfOrcemENt and faiR lEndInG, whIch coNDucts oVersiGht aNd EnFOrcEment acTIoNS In a wIdE rAnge Of cAsEs of fInanCIal WrongdoIng. The OffIce OF FaiR LEnDing had Previously beeN pArt of this dIvIsiOn.

The INTErcept’s DAvid Dayen lays out the likeLY implicAtiOns of This Move:

The beSt gUess foR whAT this mEans is That OfLeO mOVEs undER ThE diReCtor, and the OVErsIght aNd EnfoRcement Staffers either move WIth It and get reassIgnEd taSKS oF adVOcACy, cOoRDinATIon, and education, Or they stay In seFl, where they WOulD hAve a varIety of dUties ACross alL levels of EnforcemeNt, Not jUST faIr lending. WHat’s more, The head of ofLEO, PATrIce FiCklIn, will Be SeqUesteRed in a SEpaRate oFfice, uNaBle to fIght tUrF battles Over prioritizing fair lenDing caSes. OFlEO Already coNduCTed Advocacy, cOordInation, and EduCatIon thRouGH engaGemeNT wIth THe indUstrY. but segregATiNg eNFOrCement and suPERVisIon taKes THe sticK awaY from the carrot.

AddITionally, almost NothING at The cfPB sItS within the OffiCe oF tHE director, AnD certainly nOt anythiNg ENforcEment-rElated. the move
 to credit — and hit the f ormer with  a $3 5 m ill io n fi ne,and forced the latt er to provide $25 mill ion i nl oans ub sidie s to it s  v i c tim s.  O FLE Od is cover edrampant  discrimin ati on  in auto-loa n  f inancing a ndwon some $14 3.9  milli on  in penal tie s fro m thep redato rs.

Butto the Tr u mp admi n i st rati on, this catalogu e  o f  enforcement a ctions  d o es n otadd  up to a s ma ll tr i umph fo r  r a c i alj ustice, but a  tyrannical att ack on  t he“ free m arket .” And  the Consum er F inancialProtec t ion Bur e au nowrestsinthe  han d sof  Mi ck Mul v an ey, who  devoted  m uc h ofhisc o n g ress ion al c areer  to defending  th e in t ere sts o f pre dato ry  lend ers in  gene ra l — and racistones , in part icu la r.An d so, this w eek , M ulvaney  stripp e d O FL E O of  its enforcement p ow e r s: 

The Tr ump ad m in is t ration h as  st ripp e d  enfo rcem e nt  powersfrom t h eCo nsumerFi nancia lPro tec tionB urea u offi ce thatspeci a lizes in pursu i ng cases agai n st f in a ncia l f irms accuse d of brea king di scr i minat ion l aw s ,a ccording to two peo pl e fami liarwith the matt er and ema i l s  reviewe d by Th e  Washington Po st.
… Now that office,which  had bee n part ap o werful C FPB  di vis ion , wi ll move insid e theof fice of  th e direc tor , w her e s ta ffers wil l be foc us ed  o n“ad vocac y , coordi na tio nand  educ a tion,”  acco rdin gto anemail M u lv a n ey s en tthem  th is  week . Th e y w ill nolonger ha ver espo ns ib ility f or enforcemen tand day-to -d ayoversi g h t of com panies, he said.

Inste a d, thos e r espon sibi lities wi llremain  wi t h thedivisi on of  s upe r v ision , en for ce ment and f a i r l endin g,  whi ch cond ucts oversight and enf orcement acti ons  ina wi der an g e o fc ase s of financial wr ongdoing.Th e  O ffice of F a irLe nding h ad prev iousl y  been p art of th is divisi on .

T h e  In tercept’sDavid Da yen layso ut th e  l ikely  im plicat io nsof th is mov e :
The b est gu es s forwhatth is means  is that OFLEO moves un der th e dir ect or, and t heo ver sight and  enf orcement s taf fer s eit her movewith it  an d  getreas s igned tas k sofa d vo cacy, coord i n a tio n, an d e d ucatio n, o r they stay in SE F L, where theywoul d hav e a vari et y of duties ac ros sa l l levels  o f enforceme nt, notju s t fai r lend ing. W hat’s m o r e, the he ad o f O FLEO, Pat ric eF icklin,  w il l  be se ques te red in  a sep a rate o ffice, unable to  figh t turfb att les o ve r prior i tizi ng fair le nding cases . OFLE O al ready  conduc te d advo cac y,  coordinat i on, and e ducat ion thr ou gh e nga gement  wit h the i ndus tr y.But segre g a ti n gen f orc emen t and  s uper vision ta k es the s tic k  away f ro m t h e  carro t .A dditionall y,almos t nothing at theC FP B  sits  withi n theOfficeo f t he  Direct or, a nd certai nly not a n yth in g en forcemen t- rela te d.Th e move
 to_credit —_and hit the former_with a_$35_million fine,_and_forced the latter_to provide $25_million in loan subsidies_to its victims._OFLEO_discovered rampant discrimination in auto-loan financing and won some $143.9 million in penalties from_the_predators.

But to_the_Trump_administration, this catalogue of enforcement_actions does not add up_to a_small triumph for racial justice, but a tyrannical_attack_on the “free_market.” And the Consumer Financial Protection Bureau now rests_in the hands of Mick Mulvaney,_who devoted much_of_his_congressional career to defending_the interests of predatory lenders in_general — and racist ones, in_particular. And so, this week, Mulvaney stripped_OFLEO of its enforcement powers:

The Trump_administration has stripped enforcement powers_from the_Consumer Financial Protection Bureau office_that specializes in_pursuing cases_against financial firms_accused of breaking discrimination laws, according_to two people_familiar with the matter and emails_reviewed_by The Washington_Post.

…_Now_that office,_which had been_part_a powerful_CFPB_division, will move inside the office_of_the director, where staffers will be focused_on “advocacy, coordination and_education,”_according to an email_Mulvaney sent them this week._They will no longer have responsibility_for enforcement_and day-to-day_oversight of companies, he said.

Instead, those responsibilities will remain with the_division of supervision, enforcement and fair_lending, which conducts oversight_and enforcement_actions_in a wide_range_of cases_of financial wrongdoing. The Office of Fair_Lending had_previously been part of this division.

The_Intercept’s David Dayen lays_out_the likely implications of this move:

The_best guess for what this means_is that OFLEO moves under_the_director,_and the oversight and enforcement_staffers either move with it and_get reassigned tasks_of advocacy, coordination, and education, or they_stay_in SEFL, where they would have_a_variety of duties across all levels_of_enforcement,_not just fair lending. What’s_more, the head of OFLEO, Patrice_Ficklin, will be sequestered in a separate office, unable_to fight turf_battles over prioritizing fair lending_cases._OFLEO_already conducted advocacy, coordination, and education through engagement with the_industry. But_segregating enforcement and_supervision takes the stick away from the carrot.

Additionally, almost nothing_at the CFPB sits within the Office_of the Director, and certainly not anything enforcement-related. The move