Mulvaney Claims He Is Not Trying to Destroy the CFPB (But What Else Would He Say?)

by Jeff Sovern

According to Evan Weinberger, writing in Law360:

Office of Management and Budget Director Mick Mulvaney, who is leading the Consumer Financial Protection Bureau on a temporary basis despite a court challenge from the bureau's deputy director, insisted Friday that he is not trying to destroy the federal watchdog from within.

Mulvaney, who has been serving as the CFPB’s acting director since Nov. 24, told reporters at a White House briefing ahead of a potential government shutdown that he fully intends to have the bureau continue policing financial markets for fraud and abuse.

It is hard to reconcile Mulvaney's claim that the Bureau is a sad, sick joke, with the idea that he fully intends to have the Bureau police markets.  It makes me wonder how he defines fraud and abuse.  I wish Mr. Mulvaney would clarify his sad sick joke comment. Does he still feel that way about the Bureau? If so, why? If not, what has changed in his view?

Leave a Reply

Your email address will not be published. Required fields are marked *