A revised strategic plan that the Consumer Financial Protection Bureau expects to release in the coming days says the agency, led by Acting Director Mick Mulvaney, intends to go “no further” than the requirements stipulated in the Dodd-Frank Act when it comes to regulating the financial industry, MorningConsult.com reported. Kirsten Sutton Mork, who’s chief of staff at the CFPB, wrote in an email sent to all agency employees that the CFPB plans to publish its updated strategic plan by Feb. 12. “If there is one way to summarize the strategic changes occurring at the Bureau, it is this: we have committed to fulfill the Bureau’s statutory responsibilities, but go no further,” she wrote. The new mission statement for fiscal years 2018-2022 borrows language from the 2010 Dodd-Frank language that established the agency, saying that the CFPB’s goal is “to regulate the offering and provision of consumer financial products or services under the Federal consumer financial laws and to educate and empower consumers to make better informed financial decisions,” according to the email.
