Roughly 24 Democrats, led by Rep. Maxine Waters, CA, recently sent a letter to Kraninger arguing that the CFPB has the authority to supervise entities under the MLA.
As the former director of financial regulation studies at the Cato Institute, Mark Calabria brings a decidedly libertarian perspective to housing finance.
Rep. Waters to Mick Mulvaney: “I am writing to inform you that while your time running the Consumer Bureau may be over, the time for accountability for your actions is about to begin.”