Public Justice Statement on Mick Mulvaney Reportedly Being Named CFPB Interim Director
In response to reports that President Trump will name Mick Mulvaney as interim director of the Consumer Financial Protection bureau following Richard Cordray’s departure, Public Justice executive director Paul Bland issued the following statement:
We are troubled by reports that President Trump may soon appoint Mick Mulvaney as interim director of the CFPB. Such an appointment would be a great tragedy for American consumers and another early holiday present for Wall Street. Mulvaney has voiced contempt for the agency, its important work and its accomplishments. His appointment would be a betrayal of the President’s campaign trail promises to support regular Americans ahead of Wall Street bankers. Mulvaney’s appointment would be politically unwise. Working families, who have expressed strong bipartisan support for the agency’s mission, would be left behind with Mulvaney at the helm.
Public Justice is proud to have been a vocal supporter of the CFPB’s efforts to end forced arbitration in the financial industry, and to hold predatory payday lenders and other financial institutions accountable to consumers. For more information on our work in this area, visit our web pages on forced arbitration and consumer rights at www.PublicJustice.net.