Mick Mulvaney won’t rest until he exorcises Elizabeth Warren from CFPB

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When Mick mulvaney took over as acting head of the Consumer Financial Protection Bureau last November, his goal was pretty clear: to bury the agency in a shallow grave. As a congressman, he called the CFPB a “sick and sad joke” and co-sponsored a bill to get rid of it. But now that he had been given the keys to the place, he decided it would be much easier to chop it to pieces from the inside, rather than trying to make it disappear by law. A hard worker that he is, Mulvaney gets to work – during the three days he is actually in the office, that is to say (he is in the White House for the rest, doing his second job at the Office of management and budget). In just a few months, he relaxed restrictions on loan sharks; slowed down an investigation into a data breach that affected nearly half of all Americans; and told the bankers exactly how to bend his sad agency shell to their will. He did well with Wells Fargo, but this case was the work of his predecessor, and apart from that Mulvaney would have issued a grand total of void enforcement actions. All of this, clearly, is in the service of a plan to completely cripple the agency and effectively cut off its knees. But of course Mulvaney can’t say that right away, which is why, in a recent profile with Bloomberg, he attempts to describe his blatantly obvious actions as being all about his. love for the CFPB:

  • Its decision to freeze data collection, drop enforcement cases, and restrict the independence of the office by giving Congress, instead of the Federal Reserve, control over its spending? This allegedly involves moving the CFPB “beyond the realm of partisan bickering” and into that of a “benchmark” regulator like the Securities and Exchange Commission.

  • A proposal to move 70 employees to the head office basement and move others to cheaper offices in Dallas? This is absolutely not about trying to force union staff to leave voluntarily, but rather “part of a larger plan to find ways to integrate as many people as possible into the agency headquarters and possibly to find a new location for its operations in the south-east ”.

  • His extremely bitchy and passive-aggressive letters to the senator Elizabeth Warren, whose questions about the direction he has taken in the office have more or less been encountered Come down and let me destroy this agency in peace? He’s just trying to add a patina of legitimacy to the place. “We are still Elizabeth Warren’s child,” he told Bloomberg. “As long as we are identified with this person, we will never be taken as seriously as a regulator as we should be.”

  • Name a # 2 who drafted a 2017 bill to dismantle the venue? (Mulvaney doesn’t actually have a hiring comment Brian johnson but we suppose it would be something like, “How dare you suggest that someone who less than a year ago was trying to wipe CFPB from the face of the earth is not having his best? interest at heart? “)

  • The dropping of a lawsuit against a group of payday lenders associated with a Native American tribe, who charged interest rates of 950% and generally, according to a former senior analyst, “put[ting] the office in a vegetative state ”? Mulvaney accuses that he is busy overseeing a restructuring that “will make the office more efficient, and that he does not think the agency should interfere with the sovereignty of Indian tribes.”

  • Breaking with the long-standing tradition of circulating important documents well in advance of their publication and instead, for example, by only sharing the bureau’s biannual report to Congress, which argued that “the structure and powers of this agency isn’t something that founders and editors would recognize “- just 24 hours before? It’s all about leak protection, of course.

  • Tell the division heads to cut their budgets for the next fiscal year by more than 20%? Again, efficiency, for the sake of the office he loves so much, is the only thing at stake here.

  • Respond like that when asked if he’s still trying to abolish the office?

“It’s not really appropriate for someone running the office to say that the office shouldn’t exist,” Mulvaney says. “It would be the equivalent of making a general say that the army is unconstitutional. The system crashes when you do this. If the president thinks it’s unconstitutional, then it’s something we will have to consider. “

If this is not a thorough defense of a Mulvaney agency totally don’t itch to see it ruled unconstitutional, we don’t know what it is.

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Oops: the “least racist” president ever caught making racist comments (again)

Last January, after it emerged that Donald trump embarked on a racist rant in which he suggested that America should not admit immigrants from African “shit holes” and would rather prefer more people from Norway and some Asian countries, his supporters went too far in asserting, against all evidence to the contrary, that the president is not racist. “@potus is not racist,” insisted its 10-day communications director. “He is far from it. Perhaps the least racist. Yet strangely, The Washington Post reports today that a month later Trump was sure survey once again as a complete and utter racist:

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