Mulvaney Undermines Consumer Bureau

Our friends at Allied Progress highlight Mick Mulvaney’s attempt to gut the Consumer Financial Protection Bureau (CFPB):

It appears Mick Mulvaney is working at cross purposes. On the one hand he is working hard to keep certain government services open as director of President Trump’s Office of Management and Budget. On the other hand, as Trump’s selection to be “acting director” of the Consumer Financial Protection Bureau (CFPB), he is forcing the Bureau to drain its emergency reserve rather than seeking the funding it has received quarterly from the Federal Reserve (not tax dollars) since its creation in 2010.

The CFPB should be properly funded so it can fulfill its mission to hold big banks, predatory lenders and other Wall Street special interests accountable. Mick Mulvaney is playing politics when he should be protecting consumers,” said Karl Frisch, executive director of Allied Progress.


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