Trump likely to end public access to a web portal that lets hundreds of thousands of consumers each year file complaints against financial companies. “I don’t see anything in here that says I have to run a Yelp for financial services,” CFPB’s Mulvaney says https://t.co/XPiq07Exby
— Rebecca Ballhaus (@rebeccaballhaus) April 24, 2018
Mick Mulvaney re his time in Congress “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.” @GlennThrush https://t.co/w0DRJPuuTy
— Eric Lipton (@EricLiptonNYT) April 25, 2018
In any other modern administration, Mulvaney would be gone by the time this post pops up (I’m writing it just after finishing the early-morning open thread). In *this* one, he’ll probably be given some special Trump-branded award for public service.
… Mr. Mulvaney, who also runs the White House budget office, is a longtime critic of the Obama-era consumer bureau, including while serving in Congress. He was tapped by President Trump in November to temporarily run the bureau, in part because of his promise to sharply curtail it.
Since then, he has frozen all new investigations and slowed down existing inquiries by requiring employees to produce detailed justifications. He also sharply restricted the bureau’s access to bank data, arguing that its investigations created online security risks. And he has scaled back efforts to go after payday lenders, auto lenders and other financial services companies accused of preying on the vulnerable.
But he wants Congress to go further and has urged it to wrest funding of the independent watchdog from the Federal Reserve, a move that would give lawmakers — and those with access to them — more influence on the bureau’s actions. On Tuesday, he implored the financial services industry to help support the legislative changes he has requested…
The association, which invited Mr. Mulvaney to give the keynote address at its conference, strongly backs his efforts to consider the financial burdens on banks imposed by the bureau’s actions…
This really is one of the hallmarks of the Trump era, but had mostly been just Trump doing it – saying the inside part out loud. It’s spreading to appointees https://t.co/Zcs5u7q0Rq
— Maggie Haberman (@maggieNYT) April 25, 2018
Or, pols would say things like that but it never surfaced in their local press & they weren’t national figures so it never broke through the national press. https://t.co/A2sWxeiLj8
— Dana Houle (@DanaHoule) April 25, 2018