CFPB acting director calls agency ‘too powerful’

MICK MULVANEY, acting director of the Consumer Financial Protection Bureau, says the bureau is “too powerful” and is requesting Congress make changes that would effectively make the bureau less independent. / BLOOMBERG FILE PHOTO/ZACH GIBSON
MICK MULVANEY, acting director of the Consumer Financial Protection Bureau, says the bureau is “too powerful” and is requesting Congress make changes that would effectively make the bureau less independent. / BLOOMBERG FILE PHOTO/ZACH GIBSON
PROVIDENCE – In his first report as acting director of the Consumer Financial Protection Bureau, Mick Mulvaney is calling his agency “too powerful.” Mulvaney, an outspoken critic of the bureau, has called on U.S. Congress to rein back the authority of the federal agency. The bureau was created under the Dodd-Frank Wall Street Reform and…

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