In his first week as acting director of the Consumer Financial Protection Bureau,Mick Mulvaney said that President Trump put him in the position to "Protect people without trampling on capitalism".And one of Mulvany's more controversial moves was revealed this weekto strip the enforcement power from the C.F.P.B. unit that pursues discrimination cases.Joining me to discuss the new tactic of the C.F.P.B. is Washington Post reporter Renae Merle.So first tell us what did the C.F.P.B. do or what are they planning to do?Well right now you have Mick Mulvaney as acting directorand he's trying to reform this agency and make it not as aggressive as it has been under Democratic leadership.And so he's pulling back from some of the more aggressive actions that the C.F.P.B. has done over the last couple of years.And specifically this division that he's restructuring used to do what?which could amount to hundreds of dollars. And they brought some cases in those circumstances.So in those cases the banks that are paying millions of dollars in fines?Yes. Yes the banks ended up paying millions of dollars a fine and Ally Financial case which is one of them or landmark cases in this area,they paid almost a hundred million dollars and were accused of charging again blacks and Hispanics more higher interest rates for auto loans.
