Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau went on TV last night and said it was only a matter of time until President Trump was going to be able to put his own choice in as head of the agency, and that his goal is to “limit as much as we can what the CFPB does to interfere with capitalism and with finance service markets.”
Appearing on “Lou Dobbs Tonight” on Fox Business, Mulvaney, coincidentally enough speaking from in front of the White House where he is still the director of the Office of Management & Budget, also joked that it shouldn’t be a surprise that the CFPB is the only agency putting up a fight to have someone other than the president’s choice as the person in charge.
“The only real challenge to this peaceful transition with a new administration, which is what we still are, is coming from this agency, which is founded on not being accountable,” Mu;vaney said during the seven-minute interview.
Mulvaney did have some kind words for the “folks” he has met at the CFPB so far, saying the first week has gone “extraordinarily smoothly.” That being said, when it came to his job as director of the agency, he took a harsher tone.
“The structure of the CFPB is fundamentally flawed,” he said. “The authority that I have now as the acting director really should frighten people.”
Mulvaney said he has even tried to explain the lack of accountability to the agency’s employees.
“In fact, it’s the way I’ve explained it to folks who work at the CFPB,” he said. “That if they end up in the future on the short end of something the CFPB does there is nobody they can complain to. They can’t complain to the president. They can’t complain to Senators or complain to members of the House. There is no accountability to the American taxpayers here and that’s wrong. I’m hopeful it will change. Until it does, we’re going to try and limit as much as we can what the CFPB does to interfere with capitalism and with finance service markets.”
