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AFR Statement: Attempt to Put Mulvaney in at CFPB Shows Contempt for American Consumers

Submitted by on November 27, 2017 – 5:47 pm
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FOR IMMEDIATE RELEASE

Nov. 24, 2017

CONTACT
Carter Dougherty
carter@ourfinancialsecurity.org
(202) 251-6700

 

 

Statement from Americans for Financial Reform on Mulvaney

 

From Lisa Donner, executive director of Americans for Financial Reform:

 

“Attempting to put an anti-consumer ideologue like Mick Mulvaney in charge of the CFPB shows absolute contempt for the American public and American consumers. Mulvaney has said he is opposed to the very existence of the CFPB, and as a member of Congress he voted in favor of  Wall Street banks and predatory lenders — his largest donors — again and again.”

“The CFPB has recovered $12 billion in ill-gotten gains on behalf people around this country, and fought for an end to rip-offs and scams that continue to plague the financial services industry. It is this work that the Administration apparently wants to destroy.”

“Fortunately, the statute creating the CFPB says that the agency’s Deputy Director serves as Acting Director until a new Director has been nominated by the President and confirmed by the Senate. We look forward to working with Leandra English until  someone new is confirmed. AFR and our members will continue to fight for a CFPB that effectively pursues its consumer protection mission.”

 

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