The CFPB Is Under Attack
Director Richard Cordray resigned from the Consumer Financial Protection Bureau on November 24, 2017, leaving Deputy Director Leandra English in charge as Acting Director.
The Dodd-Frank Act of 2010, which created the CFPB, specifically states that the deputy director becomes “Acting Director in the absence or unavailability of the Director.” According to former Representative Barney Frank (D-Mass), a co-author of the law, this language was specifically added to insulate the independence of the agency from the vagaries of the political process.
Trump, however, immediately said he was appointing Mick Mulvaney, the Senate confirmed (51-49) head of the Office of Management and Budget to also stand as acting director of the CFPB. …
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.