Mulvaney Tells Lobbyists to Pay Up to Diminish His CFPB

26 April, 2018, 12:43 | Author: Salvatore Jensen
  • Mulvaney to bankers Campaign donations will help limit consumer bureau's power

She demanded more information on the Bureau's Payday Rule, its recent data collection freeze, and approach to enforcement actions.

The top Democrat on the Senate Banking Committee joined with consumer advocates Wednesday in calling on Consumer Financial Protection Bureau acting Director Mick Mulvaney to resign after he told a bank industry gathering this week that, while in Congress, he wouldn't meet with lobbyists who hadn't given him campaign contributions.

Mick Mulvaney is supposed to be protecting American consumers from unfair practices by banks and other businesses.

Speaking of his time as a Congressman, Mulvaney is reported by The Hill to have said, "If you were a lobbyist who never gave us money, I didn't talk to you".

"If you were a lobbyist who never gave us money, I didn't talk to you. If you came from back home and sat in my lobby, I would talk to you without exception, regardless of the financial contributions".




"If I were at the Department of Justice, I'd send an Federal Bureau of Investigation agent to start looking at correlating the lobbyist donations", Eisen said. Tuesday, he met with lobbyists and executives from the banking industry, promising further steps to gut regulations to prevent them from cheating customers.

Of course, most people would actually say this is the exact opposite of democracy, with elected politicians not voting on issues based on the people who put them in power want but rather by whichever lobbyists gave them the most money.

"We had a hierarchy in my office in Congress", Mulvaney said, according to the report.

The evidentiary bar was raised after the Supreme Court's June 2016 decision in McDonnell v.

"The evidence stinks to high heaven, but it's very hard to prove", Painter said of Mulvaney's case, adding that Mulvaney's admission makes him "morally unfit for public office".

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