As CFPB Acting Director Mick Mulvaney prepares to speak at CUNA's Governmental Affairs Conference this week, the director's battle with Senate Democrats has escalated, as Mulvaney last week blasted Sen, Elizabeth Warren (D-Mass.) for questioning his motives in reconsidering payday lending rules.
"I reject your insinuation—repeated three times in as many pages—that my actions as acting director are based on considerations other than a careful examination of the law and facts particular to any matter," Mulvaney said, in a letter to the senator.
Mulvaney is scheduled to speak at CUNA's Governmental Affairs Conference on Tuesday.
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Warren and other Democrats linked Mulvaney's decision to drop cases and revisit payday lending rules to his having received campaign contributions from the payday industry.
Mulvaney attempted to take the high road, saying that "Civil discourse rests upon our reciprocal understanding that no matter how strongly we may disagree on matters of policy, we are motivated by principle and our mutual desire to serve the American people to the best of our abilities."
He said that prior to receiving the Democrats' letter, he never would have considered that Warren's vote against repealing the CFPB's arbitration rule was influenced by campaign contributions from trial lawyers and others who would financially benefit from the rule.
In a response, Warren, and fellow Democrats Jeff Merkley (D-Colo.) and Richard Blumenthal (D-Conn.) accused Mulvaney of ducking the issue.
"We are disappointed by your response, which, instead of explaining your recent actions, raised questions about our motivations for standing up for consumers, "they wrote.
Then said that their opposition to the arbitration rule was well documented and they told Mulvaney that he failed to "provide any clarity on the rational for your actions to harm consumers."
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