Mulvaney Was Actually Obliged to Issue the Strategic Plan

by Jeff Sovern

In a blog post Tuesday, I asked Am I the only one who thinks it's weird for a temporary and part-time CFPB director to create a five-year strategic plan? But as Barbara S. Mishkin pointed out in the Consumer Finance Monitor, the CFPB is obliged to issue a strategic plan this month by statute–which means it wasn't weird at all. I also should have noted that Mr. Cordray's strategic plan was only a draft (though the Bureau did issue a strategic plan in 2013). I apologize for my error and thank Ms. Mishkin for pointing it out.

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