Mulvaney Tells Bankers And Industry Insiders How To Influence Him
April 25, 2018
Mick Mulvaney has been busy helping Trump fill his swamp. Over the past 24 hours, Mulvaney explained to more than a thousand industry executive his bureau is supposed to regulate how to best influence him. Meanwhile, Mulvaney’s CFPB has continued its efforts to hurt the consumers he is supposed to protect.
Mick Mulvaney told 1,300 bankers and lending industry officials that he only spoke to lobbyists who paid him.
New York Times: “Mick Mulvaney, the interim director of the Consumer Financial Protection Bureau, told banking industry executives on Tuesday that they should press lawmakers hard to pursue their agenda, and revealed that, as a congressman, he would meet only with lobbyists if they had contributed to his campaign. ‘We had a hierarchy in my office in Congress,’ Mr. Mulvaney, a former Republican lawmaker from South Carolina, told 1,300 bankers and lending industry officials at an American Bankers Association conference in Washington. ‘If you’re a lobbyist who never gave us money, I didn’t talk to you. If you’re a lobbyist who gave us money, I might talk to you.’”
Mulvaney wants to hide the contents of a public database of complaints about banks, mortgage lenders and student-loan service providers.
CNN Money: “For years, the government has operated a database of complaints about banks, mortgage lenders and student-loan service providers. But you might not be able to look through it much longer. Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, said Tuesday that he doesn't want to keep the contents of the database open to the general public.”
Mulvaney wants to change the name of the CFPB, sending a signal that the bureau will continue to roll back policies and cut enforcement of consumer protections.
Associated Press: “The Consumer Financial Protection Bureau is pushing to be referred to as the Bureau of Consumer Financial Protection, a surface level, but notable change for the agency tasked with protecting consumers against debt collectors and banks. Officials say the change reflects the bureau’s legal name, but critics say it underscores the abrupt ideological turn the bureau has taken since Trump-appointee Mick Mulvaney took over.”
Associated Press: “But critics see it as a not-so-subtle effort to telegraph the abrupt ideological turn the bureau has taken since Trump-appointee Mick Mulvaney became acting director last year. Under Mulvaney, the bureau has proposed revisiting or rolling back the rules, regulations and policies that the Obama administration put into place when it controlled the agency. The bureau has dramatically cut back on enforcement actions as well.”