Mulvaney Tells Lobbyists to Pay Up to Diminish His CFPB

Congress’ dirty maneuver The Senate bends the rules to unravel a car-loan guidelines

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This action would give lawmakers influence on the bureau's actions. Sherrod Brown (D-Ohio) has called for the resignation of Mick Mulvaney, Acting Director of the Consumer Financial Protection Bureau (CFPB) and Director of the Office of Management and Budget (OMB).

The consumer bureau was created by the 2010 Dodd-Frank Law as a way to prevent banks and other financial companies from preying on vulnerable consumers. If you were a lobbyist who gave us money, I might talk to you.

According to The New York Times, Mulvaney told 1,300 bankers and lending industry officials at an American Bankers Association conference in Washington that when he was a congressmen representing South Carolina: "If you're a lobbyist who never gave us money, I didn't talk to you. If you're a lobbyist who gave us money, I might talk to you". During his speech at the conference in Washington, Mulvaney shared that there was a "hierarchy in my office in Congress". "I would have the Federal Bureau of Investigation look at his decision-making right up to the present, correlate it with lobbyist campaign contributions, and then go talk to him". "Banks and payday lenders already have armies of lobbyists on their sides a they don't need one more". This was in reaction to comments made by Mulvaney at a recent industry event, where he alluded to meeting with lobbyists if they contributed to his campaign.

The evidentiary bar was raised after the Supreme Court's June 2016 decision in McDonnell v.

The Trump administration is full of cheerful kleptocrats like Mulvaney, all of whom share a remarkable ability to bleat about swamp-draining in public while using their newfound positions of power to enrich themselves or people like them in private.

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