Mick Mulvaney’s destroying the CFPB — and that’s just what Trump wants

Source: Charlie May, Salon

Mick Mulvaney warned us that it was coming. After all, in 2014 he called the Consumer Financial Protection Bureau, the independent government agency he now temporarily heads, a "sick, sad joke."

Three years later, Mulvaney was installed as the head of the agency he once decried — a move that smelled like a hostile takeover by the the powerful financial institutions that are now running the show. It appeared calculated, and unmistakably placed Mulvaney at direct odds with the very purpose of the agency: to protect the consumer.

"Since he [Mulvaney] has taken this role on," Ruth Susswein, the deputy director of National Priorities at Consumer Action, a nonprofit consumer advocacy group, told Salon, "he has actively chosen to do whatever is in his power to dismantle the agency from within. That's his goal."

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Tags/Keywords

cfpb, consumers