Mike Mulvaney, former congress member from South Carolina, hated the Consumer Financial Protection Bureau and did his best to kill it. That is the Bureau inspired by Elizabeth Warren that worked to protect us from businesses like payday lenders. Trump put him in charge of the agency, where he has frozen all new investigations, restricted the Bureaus’s access to bank data, and scaled back efforts to go after payday lenders.
Mulvaney was addressing 1300 bankers and lending industry officials at the American Bankers Association conference in Washington. He explained how he behaved as a member of Congress: “If you’re a lobbyist who never gave us money, I didn’t talk to you. If you’re a lobbist who gave us money, I might talk to you.’
Mulvaney received almost $63,000 in financial contributions from payday lenders.
When is the swamp draining going to start?
Information for this post came from Glenn Thrush, “Watchdog Bureau’s Leader Mounts Charge Against Agency,” New York Times, (Aug. 25, 2018), p. B-1.
The swamp is being drained. Into the white house cesspool! If his voters liked his crap, then they should be ecstatic.
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