Waters Threatens to Grill Mulvaney Over CFPB Term – NMP
Regulation and Compliance

Waters Threatens to Grill Mulvaney Over CFPB Term

Dec 21, 2018
Rep. Maxine Waters (D-CA), who is expected to become the Chairwoman of the House Financial Services Committee in the next Congress

Rep. Maxine Waters (D-CA), who is expected to become the Chairwoman of the House Financial Services Committee in the next Congress, threatened to haul Mick Mulvaney into a hearing to examine his term as the Acting Director of the Consumer Financial Protection Bureau.
 
“I am writing to inform you that while your time running the Consumer Bureau may be over, the time for accountability for your actions is about to begin,” Waters wrote in a letter addressed to Mulvaney, who serves as the director of the Office of Management and Budget and was recently named acting White House chief of staff following the departure of John Kelly from the administration.
 
Waters accused Mulvaney of politicizing the CFPB through staff appointments and weakening the agency’s enforcements efforts. She also derided his efforts to change the name of the agency to Bureau of Consumer Financial Protection, which she claimed would “reduce the public’s awareness” of the agency’s role within the government.
 
Waters added that she was “committed to ensuring the agency will resume its important work.” Mulvaney did not publicly comment on Waters’ letter.
 
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Phil Hall
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Dec 21, 2018
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