Mulvaney Asks Industry for Help Destroying the Consumer Bureau
This press release was originally posted through Allied Progress. Allied Progress is now Accountable.US.
WASHINGTON, D.C. – Today, Mick Mulvaney made “a call for evidence” asking the Wall Street special interests, big banks, and predatory lenders regulated by the Consumer Financial Protection Bureau (CFPB) to assist him with determining how the CFPB can better do its job. Allied Progress released the following statement on this insane development:
“This is essentially like asking the fox, in what order it would like to eat the hens? It is a troubling move from a man who is clearly hell bent on dismantling the agency he has been tasked with overseeing when he should be fulfilling its mission to protect consumers and hold bad financial actors accountable,” said Karl Frisch, executive director of Allied Progress.
He continued, “Mulvaney has taken $1.28 million from industries that are regulated by the Consumer Financial Protection Bureau. These same industries have spent tens of millions of dollars trying to destroy the CFPB from day one. Now, like a parent appeasing a spoiled child, Mulvaney is asking for industry’s wish list – a development that is frankly, insane.
“This is a conflict to end all conflicts and makes clear that Mulvaney can’t be trusted. It is time for President Trump to nominate someone free of conflicts who will fight to protect consumers, not Wall Street special interests and financial predators,” he concluded.