Warren Suggests Mulvaney Violated Hatch Act – NMP Skip to main content

Warren Suggests Mulvaney Violated Hatch Act

Phil Hall
Sep 20, 2018
Sen. Elizabeth Warren (D-MA) is calling for an investigation into the decision by Mick Mulvaney, the former Acting Director of the Consumer Financial Protection Bureau (CFPB), to change the agency’s name to the Bureau of Consumer Financial Protection (BCF

Sen. Elizabeth Warren (D-MA) has continued her attacks on the Trump-era Consumer Financial Protection Bureau (CFPB) by questioning if Acting Director Mick Mulvaney violated the federal Hatch Act by attending an event that reportedly included political donors.
 
According to a Politico report, Warren sent Mulvaney a letter citing his appearance at “closed-door event in New York City” earlier this month. The Hatch Act prevents executive branch officials from engaging in certain political activity, although it is not certain if Mulvaney used his appearance for fundraising purposes. Nonetheless, Warren demanded answers on what transpired.
 
“Your appearance at this private event with Republican donors and campaign officials raises questions about your compliance with the Hatch Act and other federal laws, your judgment, and your management of the Office of Management and Budget and the [CFPB],” Warren wrote in a letter to Mulvaney. “The report of your meeting with top donors and campaign officials raise[s] new questions about your behavior, and require[s] an explanation. By custom, top executive branch officials and independent agency heads—financial regulators in particular—steer well clear of campaign or donor-related activity.”
 
Warren demanded that Mulvaney answer 10 questions on the meeting by Sept. 29. The CFPB did not publicly acknowledge Warren’s letter.
 
Warren, who is widely credited as the creator of the CFPB, has been hostile to the CFPB leadership since the departure of Richard Cordray as director last November. She pointedly refused to acknowledge Mulvaney as acting director when Cordray appointee Leandra English claimed she was the rightful holder of that title and she attempted to halt the nomination of Kathy Kraninger as CFPB director, even going so far as to badger the U.S. Chamber of Commerce into dropping its support of Kraninger. She also cited Judge Brett Kavanaugh’s ruling on the constitutionality of the CFPB as a reason to disqualify him from the high court, tweeting, “There’s a lot to dislike about Brett Kavanaugh’s record – including his hostility toward consumers.”

 
Published
Sep 20, 2018
When Will Then Be Now? March

With inflation at 5.7% in 2021, the Fed indicates a rate hike is coming ‘soon’, most likely during its meeting March 15-16.

Regulation and Compliance
Jan 27, 2022
Markets Anxious As Fed Opens 2-Day Meeting

Investors, mortgage brokers & bankers await latest policy statement on fighting inflation

Regulation and Compliance
Jan 25, 2022
Ginnie Mae Streamlines FHA Advanced Loan Modification program

Documentation changes eliminate requirements for recordation and title insurance.

Regulation and Compliance
Jan 24, 2022
'A Long Road To Normal'

Nominated again to lead The Fed, Powell tells Senate committee to expect three rate hikes, but 'if we have to raise interest rates more over time, we will.'

Regulation and Compliance
Jan 11, 2022
CFPB: Complaint Response Worsens At Big 3 Credit Bureaus

Report claims Equifax, Experian, and TransUnion routinely failed to fully respond to consumers with errors.

Regulation and Compliance
Jan 10, 2022
The Fed Names Chairs, Deputy Chairs For 12 Reserve Banks

In recent years, the Federal Reserve System has worked to increase the overall diversity of the Reserve Bank and branch boards of directors and continues to build on those efforts.

Regulation and Compliance
Jan 06, 2022