U.S. Consumer Financial Protection Bureau

Citing predatory lending in Baltimore, lawmakers question reduced consumer enforcement

Citing predatory lending in Baltimore, lawmakers question reduced consumer enforcement

Maryland’s senators, noting a history of predatory real estate practices in Baltimore, called on the Trump administration Wednesday to abandon plans to strip a division of the Consumer Financial Protection Bureau of its enforcement powers.

Nearly seven years after Democrats created the bureau, the Republican administration has proposed a major reorganization to “prevent actions that unduly burden the financial industry and limit consumer choice.” Some of the proposed changes were included in the $4.4 trillion budget unveiled by the White House this week.

White House budget chief Mick Mulvaney, a vocal critic of the agency who was named its director in November, moved the...

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