I said then and I will say it now, “This is not going to happen.” Director Mulvaney did not understand the situation. Kathy Kraninger ditched the idea the day she came in.
Estimates of the costs for the government to change their site and for lending companies to change their files would be millions and millions of dollars. Mick never had a good reason.
For more clarity go to: https://www.washingtonpost.com/business/2018/12/19/cfpb-tried-change-its-name-heres-why-its-giving-up/?utm_term=.df0d8bffda4a for his actions.
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