Memo: CFPB will act with ‘moderation’

The Consumer Financial Protection Bureau is getting less aggressive.

That’s according to a memo obtained by NPR on Monday. The station reported that the CFPB plans to unveil a “revised mission and vision of the bureau” for 2018 through 2022 which will require the agency to “fulfill its statutory responsibilities but go no further,” according to the memo. It also said the bureau should be “acting with humility and moderation.”

Mick Mulvaney

President Donald Trump’s appointed interim director of the CFPB, Mick Mulvaney, has been working for the past several months to lessen the aggression of the agency meant to act as a watchdog on the financial services world.

Read the full NPR article here.