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Mulvaney, Dems Battle Over Payday Lending Oversight

As CFPB Acting Director Mick Mulvaney prepares to speak at CUNA’s Governmental Affairs Conference this week, the director’s battle with Senate…

By David Baumann | Updated on February 26, 2018
Mick Mulvaney, director of the Office of Management and Budget, and acting director of the CFPB Photographer: Andrew Harrer/Bloomberg

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.

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David Baumann

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