Trump Appointed CFPB Director Mick Mulvaney Has Yet To Launch Any Investigations Or Enforcement Actions
It has has been 136 days since former CFPB Director Richard Cordray resigned his post. President Trump appointed his OMB Director Mick Mulvaney to replace him. Since then, the bureau has not issued a single enforcement action or launched a single investigation.
It’s no secret that Mulvaney like the rest of the GOP hates the CFPB.
Congressional GOP leaders don’t like that they have little to no say in the funding of the agency. CFPB funding comes from the Federal Reserve, not Congress. Therefore, The GOP who control the House and Senate have no say over funding.
When Mulvaney isn’t sleeping under his desk like George Costanza he is doing busy work. He has been writing opinion papers and op-eds for newspapers that express how much he hates his agency. Mulvaney is also constantly writing members of Congress like a crotchety old man in a nursing home.
He is telling them the four points they want to hear about gutting the department:
- Fund the bureau through congressional appropriations
- Require legislative approval of major bureau rules
- Ensure that the director answers to the president in the exercise of executive authority.
- Create an independent inspector general for the bureau