Three days after Reuters published a report, citing three unnamed sources, that the Consumer Financial Protection Bureau was considering a $1 billion civil money penalty for Wells Fargo, acting director Mick Mulvaney told staff he was referring the leak for investigation.
In a memo to staff April 12, made available by the CFPB, Mulvaney said he was “extraordinarily concerned.”
Read on for more details from Mulvaney’s memo and how he feels the leaks are impact the reputation of the regulator.
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