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Also see: Consumer Financial Protection Bureau; Budget; Dodd-Frank; cryptocurrency; Leandra English;
Jump to: 2017; 2018; 2019;
Undated: John Michael Mulvaney (born July 21, 1967) is an American politician of the Republican Party who is currently serving in President Donald Trump's cabinet as Director of the Office of Management and Budget (OMB). He will serve as Trump's acting White House Chief of Staff, beginning in 2019.[1][2] Mulvaney served as the acting Director of the Consumer Financial Protection Bureau (CFPB) from November 2017 to December 2018.
https://en.wikipedia.org/wiki/Mick_Mulvaney
Undated: Rep. Mick Mulvaney - South Carolina District 05
Campaign Committee Fundraising, 2015 - 2016
https://www.opensecrets.org/members-of-congress/summary?cid=N00031412
-- 2017 --
November 16: Mick Mulvaney once called the CFPB a “sick, sad” joke. Now he might be in charge of it.
The Trump administration’s budget-cutter is poised to lead the consumer watchdog bureau he has attacked.
https://www.vox.com/policy-and-politics/2017/11/16/16667266/mick-mulvaney-cfpb-cordray-omb-joke
November 24: Statement on President Donald J. Trump’s Designation of OMB Director Mick Mulvaney as Acting Director of the Consumer Financial Protection Bureau
https://www.whitehouse.gov/briefings-statements/statement-president-donald-j-trumps-designation-omb-director-mick-mulvaney-acting-director-consumer-financial-protection-bureau/
November 26: What does Mulvaney's appointment mean for the future of CFPB?
Mulvaney, a former Republican congressman who is already spearheading the Trump administration's efforts to roll back regulations across the federal government, now controls an agency whose decisions impact any American with a checking account, mortgage, credit card or consumer loan.
https://www.usatoday.com/story/news/politics/2017/11/28/what-does-mulvaneys-appointment-mean-future-cfpb/901067001/
November 27: One side filed a lawsuit.
The other side brought doughnuts.
So goes the drama playing out at the Consumer Financial Protection Bureau.
The agency's former director Richard Cordray appointed Leandra English as its deputy director last week, ahead of his departure. English, formerly the agency's chief of staff, believes she should be in charge of the agency. But President Trump named Office of Management and Budget Director Mick Mulvaney as Cordray's successor shortly after. On Sunday, English filed a lawsuit to prevent the installation of Mulvaney, a vocal critic of the agency.
That made for an exciting Monday morning. Both English and Mulvaney showed up to work, each trying to assume the title of acting director.
English sent an email to staff, welcoming them back from the Thanksgiving weekend and calling herself the acting director.
Meanwhile, Mulvaney showed up for work, doughnuts in hand.
https://www.usatoday.com/story/news/politics/onpolitics/2017/11/27/english-vs-mulvaney-cfpb-leadership-drama-plays-out-dueling-memos-and-doughnuts/897589001/
November 28: A lawsuit requesting the temporary restraining order was filed by Leandra English, an Obama-era appointee and deputy director of the Consumer Financial Protection Bureau who claims to be the rightful acting director the agency.
On Tuesday, Judge Timothy Kelly said the agency was part of the executive branch and he saw nothing in the law that prevented budget director Mick Mulvaney from holding the two positions.
https://www.cnbc.com/2017/11/28/court-decision-leaves-white-houses-mulvaney-in-place-as-acting-head-of-cfpb.html
November 30: Mick Mulvaney is now one of the most powerful bureaucrats in the country
The White House budget director is, for now, also the acting director of a powerful financial regulator, the Consumer Financial Protection Bureau. At the CFPB, he can single-handedly cut the agency’s budget and decide whether to proceed with or drop investigations into big financial firms. He also gains a seat on a key regulatory panel that oversees the world’s largest financial institutions, called the Financial Stability Oversight Council. Among the council’s other members are Treasury Secretary Steven Mnuchin and Federal Reserve Chair Janet L. Yellen.
https://www.washingtonpost.com/news/business/wp/2017/11/30/mick-mulvaney-is-now-one-of-the-most-powerful-bureaucrats-in-the-country/?utm_term=.44c572879b21
-- 2018 --
March 16: Warren Presses Mick Mulvaney on Failure to Respond to Dozens of Questions about His Questionable Actions and Leadership at Consumer Agency
Provided Evasive, Misleading, or Incomplete Answers to More than 100 Questions from Senator Warren
https://www.warren.senate.gov/oversight/letters/warren-presses-mick-mulvaney-on-failure-to-respond-to-dozens-of-questions-about-his-questionable-actions-and-leadership-at-consumer-agency
April 3: Trump Official Lays Out Point-by-Point Plan to Screw Over Consumers
Mick Mulvaney wants to essentially put the financial-services industry in charge of the Consumer Financial Protection Bureau.
https://www.vanityfair.com/news/2018/04/trump-official-lays-out-point-by-point-plan-to-screw-over-consumers
April 10: Enforcement actions at watchdog agency halt under Trump
Documents obtained by The Associated Press show the Consumer Financial Protection Bureau has not recorded a single enforcement action against banks, credit card companies, debt collectors or any finance companies whatsoever since the Trump administration took over the agency late last year.
Under Democrat Richard Cordray, the bureau used to issue enforcement actions at an average of two to four a month. But records show zero enforcement actions have been taken since Nov. 21, 2017, three days before Cordray resigned.
Enforcement actions are one of two ways the CFPB returns money to U.S. consumers who have been harmed by banks and other financial companies. The bureau has returned $3.97 billion in cash to American consumers through enforcement actions and an additional $7.93 billion in other types of relief.
https://www.apnews.com/6df25e3d8b104f4b90822d197311b0d5
May 7: How Mick Mulvaney Found Plenty to Target at Consumer Bureau
Boxed out of budget negotiations, Mick Mulvaney’s second job running the Consumer Financial Protection Bureau represents a second chance for him to leave his mark.
“There are lots of targets of opportunity over there for Mick,” said Marc Short, Mr. Trump’s legislative affairs director. “He’s like a mosquito in a nudist colony.”
https://www.nytimes.com/2018/05/07/us/mick-mulvaney-budget-director-consumer-bureau.html
May 25: Mick Mulvaney Is Having a Blast Running the Agency He Detests
Trump’s pick to lead the Consumer Financial Protection Bureau says he wants to give it the credibility of the SEC.
One of the first things Mick Mulvaney did last year after President Trump asked him to be acting director of the Consumer Financial Protection Bureau was to read the statute dictating the agency’s powers. Created by the landmark Dodd-Frank Act of 2010, the CFPB was designed to protect consumers from the abuses of the financial industry and is one of the Democratic Party’s proudest recent achievements.
Mulvaney was no fan of the agency, having repeatedly attacked its very premise during his three terms as a Tea Party Republican in Congress. But he’d apparently never taken the time to study the statute governing it: Title X of Dodd-Frank. When he finally did, he was astonished by what was missing, namely a federal agency known as the CFPB.
https://www.bloomberg.com/news/features/2018-05-25/mick-mulvaney-on-the-cfpb-we-re-still-elizabeth-warren-s-child
June 12: The clock is running out on Mick Mulvaney
Trump appointed Mulvaney as the CFPB’s acting director in late November. But he can serve in the job for only six months — until June 22, according to the Federal Vacancies Reform Act. If Trump nominates a replacement, it resets the clock, and Mulvaney can continue in the job while the Senate considers Trump’s nominee. That would leave Mulvaney as the acting director through the end of the year.
https://www.washingtonpost.com/news/business/wp/2018/06/12/the-clock-is-running-out-on-mick-mulvaney/?noredirect=on&utm_term=.46938cdab75d
June 29: How Mick Mulvaney Is Outmaneuvering Elizabeth Warren at the CFPB
https://www.weeklystandard.com/ronald-l-rubin/the-mulvaney-maneuver
