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Democratic State AGs Demand Mulvaney Ouster From CFPB

Phil Hall
Dec 12, 2017
Mick Mulvaney, the Acting Director of the Consumer Financial Protection Bureau (CFPB), has informed the agency’s staff that he has no plans to fire or reassign Eric Blankenstein

A coalition of 17 Democratic State Attorneys General sent a letter to President Trump demanding the removal of Mick Mulvaney as Acting Director of the Consumer Financial Protection Bureau (CFPB).
 
The Attorneys General cited Mulvaney’s comments that the Agency was a agency as “a joke” that represents “an awful example of a bureaucracy that has gone wrong” as evidence that he is the wrong man for the job.
 
“Such statements about an agency that has helped millions of American consumers and achieved fundamental reform in a number of critically important areas of American commerce are categorically false, and should disqualify Mr. Mulvaney from leading the agency, even on an acting basis,” the Attorneys General wrote. “As the top state law enforcement officials charged with investigating consumer complaints of fraudulent, deceptive and abusive financial practices in our respective states, we know from first-hand experience that the need for strong consumer financial protection is undiminished in the years since the financial crisis.”
 
However, the Attorneys General did not specifically demand the seating of Leandra English, Richard Cordray’s hand-picked successor, as Acting Director of the CFPB. The letter was signed by the Attorney Generals of California, Connecticut, District of Columbia, Hawaii, Illinois, Iowa, Maine, Maryland, Massachusetts, Minnesota, New Mexico, New York, North Carolina, Oregon, Vermont, Virginia, and Washington.

 
Published
Dec 12, 2017
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