Mulvaney, watchdog’s leader, advises bankers on ways to curtail agency

Source: Glenn Thrush, N.Y.Times (Paid Registration)

Mick Mulvaney, the interim director of the Consumer Financial Protection Bureau, told banking industry executives that they should press lawmakers hard to pursue their agenda, and revealed that, as a congressman, he would meet only with lobbyists if they had contributed to his campaign.

In his remarks, Mr. Mulvaney also announced a series of moves intended to reduce the bureau’s power.  Such moves include cutting public access to the bureau’s database of consumer complaints, which the agency had used to help guide its investigations.

“I don’t see anything in here that says I have to run a Yelp for financial services sponsored by the federal government,” he said.

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