CFPB Acting Director Mulvaney Relocates and Removes Supervisory and Enforcement Functions from the Fair Lending Office

CFPB Acting Director Mick Mulvaney recently indicated in an e-mail to CFPB staff that the Office of Fair Lending and Equal Opportunity will be transferred from the Supervision, Enforcement, and Fair Lending Division to become part of the Office of Equal Opportunity and Fairness, inside the Director’s Office.

According to the e-mail, the Office of Fair Lending and Equal Opportunity will continue to focus on advocacy, coordination, and education, while the supervision and enforcement functions will remain with the Supervision, Enforcement, and Fair Lending Division.  Moreover, the e-mail indicates that the move was meant to help make the CFPB more efficient, effective, and accountable.

John Czwartacki, a senior adviser to Mulvaney, confirmed the e-mail and reiterated that the transfer of the Office of Fair Lending and Equal Opportunity was to gain efficiency and consistency within the CFPB.

This was first reported on by The Intercept, and the full article can be read here.