Mulvaney, Consumer Bureau’s chief, urges Congress to cripple agency

Source: Alan Rappeport, N.Y.Times (Paid Registration)

Mr. Mulvaney, a longtime and unapologetic critic of the financial crisis-era bureau, has spent the last several months freezing its enforcement activities, dropping cases on payday lenders and shutting out career staff from major decisions. He has called for the bureau to be more “humble” and less aggressive in its efforts to protect consumers and to consider the impact on businesses when making decisions.

Mr. Mulvaney made a series of recommendations to lawmakers that would curb the bureau’s power and independence.

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