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Source: 30dB.com – Mick%20Mulvaney
That gave President Trump a chance to install Mick Mulvaney, whose main job is running the Office of Management & Budget, as acting director the CFPB. The appointment was widely seen as a move designed to neuter the agency, which has been standing up for the little guy against banks and credit-card companies since its creation in 2012. More than once, Mulvaney has said that the bureau’s powers are “excessive and unchecked,” and according to NPR, has not directed a single enforcement action since taking over. Sen. Elizabeth Warren (D-Mass.), who first proposed the bureau in 2007, took Mulvaney to task a hearing of the Senate Banking Committee on Thursday. “You are hurting real people to score cheap political points,” Warren told Mulvaney, citing the $12 billion the CFPB has returned to cheated consumers since its creation. Warren said that most of those consumers were students, seniors, and active-duty military, but Mulvaney has been defending his tenure. “I have not burnt the place down,” Mulvaney told Rep. Carolyn Maloney (D-N.Y.) at a House hearing earlier in the week. Social media users say he might as well have. Mulvaney gets 74 percent negatives, and one sentiment said it all: “scandal.” –Hugo Guzman
Republished from 30dB