CFPB

House Freedom Caucus Has Mulvaney's Ear
Small group of conservative members wield outsized influence with Trump's OMB director

OMB director Mick Mulvaney is seen in the Longworth Building in May. (Tom Williams/CQ Roll Call file photo)

Though known members of the archconservative group represent only 9 percent of House Republicans, Freedom Caucus members make up nearly a quarter of the scheduled contacts of their former founding member, Mick Mulvaney, in his first six months as Office of Management and Budget director.

Despite the fact that no House Freedom Caucus members are in positions of committee or party leadership, they've got Mulvaney’s ear.

Capitol Ink | Musical Chair

Ep. 37: NAFTA, Consumer Regulations on Trump's Undo List
The Week Ahead

By Shawn Zeller and Ellyn Ferguson

President Donald Trump is likely to use executive orders to repeal Obama administration regulations and address long-standing concerns about the North American Free Trade Agreement with Mexico and Canada, says CQ Roll Call's Trade reporter Ellyn Ferguson. Amit Narang, with the consumer advocacy group Public Citizen, talks about what his group and others will do to challenge Trump's orders, particularly ones involving financial regulations.

Wells Fargo CEO Apologizes for Sales Practices
Senate Banking chairman places some blame on regulators

Wells Fargo CEO John Stumpf, center, prepares to testify at a Senate Banking, Housing, and Urban Affairs hearing on Capitol Hill on Tuesday, about the company's unauthorized accounts opened under customers' names. (Tom Williams/CQ Roll Call)

Wells Fargo CEO John Stumpf said Tuesday he was “deeply sorry” about the bank’s creation of more than 1.5 million bank accounts without customer authorization and added that the bank holding company’s board “has the tools to hold senior leadership accountable, including me and Carrie Tolstedt.”

Tolstedt and her planned departure from the bank with well over $100 million in stock and options has been the focus of ire by Democrats and consumer advocates. She was the head of Wells Fargo’s community banking division where the alleged wrongdoing occurred.

Ep. 22: GOP Tries to Defang Agency That Fined Wells Fargo
The Big Story
Wall Street Eyes Dodd-Frank Changes in Spending Bill
House draft legislation would undercut financial regulatory law

Richard Cordray serves as the director of the Consumer Financial Protection Bureau, a position a House spending bill aims to eliminate. (Tom Williams/CQ Roll Call file photo)

A spending bill that funds watchdog agencies overseeing Wall Street will offer lawmakers one of their last opportunities to undercut President Barack Obama’s signature financial overhaul before the November elections.  

Financial interests are pushing for big changes, championed mostly by Republicans, to the Consumer Financial Protection Bureau in the $21.7 billion House Financial Services draft appropriations bill . The debate will also give Democrats a chance to rail against big financial firms and reinforce a popular campaign trail refrain.