Bloomberg: “Along with reshuffling its initials, he’s reviewing its enforcement, supervisory, and rule-making functions. He’s frozen data collection in the name of security, dropped enforcement cases, and directed staff to slash next year’s budget. He also wants to curb the agency’s independence by giving Congress—rather than the Federal Reserve—control of its spending, and replace the powerful director position he fills with a five-person commission.”
White House budget director Mick Mulvaney “privately fumed on Thursday that his own staff had been leaking confidential information ‘to make me look bad,’ hours after a federal appeals court questioned whether he could legally run the Consumer Financial Protection Bureau while simultaneously heading the budget office,” the New York Times reports.
“The United States Court of Appeals for the District of Columbia Circuit expressed support for the president’s legal right to appoint an interim director of the consumer agency. But two of the three jurists — Patricia A. Millett and Judith W. Rogers, both Democratic appointees — raised doubts about Mr. Mulvaney’s dual roles, citing the legal provision that created the bureau, which called for it to be completely independent from other agencies.”
White House budget chief Mick Mulvaney told CBS News that the two-year budget bill — passed by Congress and signed into law by President Trump — is a “very dangerous idea” and explodes the deficit.
He added he would “probably not” have voted for it as a congressman.
Politico: “Every quarter, the Consumer Financial Protection Bureau formally requests its operating funds from the Federal Reserve. Last quarter, former director Richard Cordray asked for $217.1 million. Cordray, an appointee of President Barack Obama, needed just $86.6 million the quarter before that. And yesterday, President Donald Trump’s acting CFPB director, Mick Mulvaney, sent his first request to the Fed.”
“He requested zero.”
According to Reuters, Consumer Financial Protection Bureau acting director Mick Mulvaney is reportedly mulling whether to go ahead with a multi-million dollar penalty for alleged mortgage fraud by Wells Fargo.
“A federal judge refused to block President Trump’s choice of budget director Mick Mulvaney from serving as acting director of the prominent federal consumer watchdog agency, denying a request by Leandra English, the No. 2 official at the Consumer Financial Protection Bureau, to serve in his stead,” the Washington Post reports.
Mick Mulvaney, President Trump’s pick to lead the Consumer Financial Protection Bureau, on Monday instructed agency staff to disregard directions from Leandra English, who was named acting director by the former head of the agency, Reuters reports.
Axios reports Mulvaney showed up to work with donuts for the staff.
White House budget director Mick Mulvaney, who once called the Consumer Financial Protection Bureau “a sad, sick joke,” is being considered for a temporary role as interim director of the consumer watchdog after Richard Cordray steps down later this month, Bloomberg reports.
“Mulvaney would be expected to name someone else or a team of people to run the CFPB on a day-to-day-basis so he could keep his focus on OMB, said one of the people.”
“I’ve come to the realization that Washington is not going to solve the debt problem, the deficit problem, through spending.”
— White House budget director Mick Mulvaney, quoted by Politico, explaining his change in position on federal budget deficits.
“We need to have new deficits… We need to have the growth. If we simply look at this as being deficit-neutral, you’re never going to get the type of tax reform and tax reductions that you need to get to sustain 3 percent economic growth.”
— White House budget director Mick Mulvaney, quoted by Bloomberg.
White House budget director Mick Mulvaney admits to Politico that no one in this administration “is more of a right-wing conservative than I am.”
Mulvaney has an amusing way of announcing his extremism. His first words to Trump’s top economic adviser, Gary Cohn, were: “Hi, I’m a right-wing nutjob!” (Cohn’s deadpan reply: “Hi, I’m Gary.”) At a meeting with budget analysts, Mulvaney wryly described himself as a crazy reactionary. But he bristles a bit at stereotypes of Southern conservatives as knuckle-dragging backwoods Neanderthals, because he’s not that kind of reactionary. He comes off more like a 50-year-old Rotary Club suburbanite with triplets, a standing desk, and an eight handicap, which he is. He studied abroad in Madrid. He drives a Miata.
White House budget director Mick Mulvaney said that “yes,” it’s official White House policy that the Senate shouldn’t hold a vote on another issue — not even an imminent crisis like raising the debt ceiling— until the Senate votes again on health care, Politico reports.
Said Mulvaney: “You can’t promise folks you’re going to do something for seven years, and then not do it.”
Trump budget chief Mick Mulvaney told CNN that the Obama administration was “manipulating” jobs data.
Saiod Mulvaney: “What you should really look at is the number of jobs created. We’ve thought for a long time, I did, that the Obama administration was manipulating the numbers, in terms of the number of people in the workforce, to make the unemployment rate — that percentage rate — look smaller than it actually was.”