English Resigns, Drops Lawsuit
On July 6, 2018, Consumer Financial Protection Bureau Assistant Director Leandra English announced her resignation from the CFPB. She also ended her lawsuit against the administration over the placement of Mulvaney at the CFPB.
Richard Cordray, former head of the CFPB, had designated English as his temporary successor according to the process set up within Dodd-Frank, the legislation that created the CFPB. English was to head the CFPB until such time as a new director should be nominated. The current administration chose to ignore the procedure directed in Dodd-Frank, and claimed another law regarding open positions should apply.
English made the decision to leave the CFPB after the current administration nominated Kraninger.
(Doing a little bit of catch-up on CFPB news.)
ACORN's First Time Homebuyer Program
Intimidating to nearly everyone, the home buying process can seem impossible to millions of low- and moderate-income Americans.
Beginning in 1986, ACORN Housing’s mortgage counseling program started a program to help first time homebuyers learn about and be better prepared for the process of buying a home. In their first 15 years, they helped over 50,000 families achieve their dreams of homeownership.
ACORN Housing also helped thousands of existing homeowners avoid foreclosure and preserve their homes by helping them negotiate with lenders. They frequently worked with victims of predatory lending as well as those who were facing serious and unexpected financial hardships.