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It was recently reported that Mick Mulvaney, the acting head of the Consumer Financial Protection Bureau, just fired his entire 25 member advisory board, who were starting to criticize the front office. Apparently Trump is not the only one who has thin skin.
As you are aware, the previous head of the CFPB (Richard Cordoray) left his post to pursue a run for governor in the state of Ohio. Although it was assumed that the deputy director, Leandra English, should take over, Trump had other plans, and he appointed Mulvaney. Since Mulvaney was a member of the Tea Party Caucus, as well as a member of the Freedom Caucus, it’s obvious he is not a fan of “big government”.
The CFPB was created to reverse the damage down by banking institutions in 2007-2008. Because its creator, Elizabeth Warren, was a bit too feisty for the Republicans in Congress, Obama appointed Richard Cordoray
Cordoray was accused of multiple violations of the Hatch Act as Director of the CFPB and investigated by the Office of Special Counsel (OSC), who found no violations.
In a 2014 interview with the Credit Union Times, current CFPB head Mick Mulvaney said the CFPB was a "sick, sad joke" and that it was run by "essentially a one person dictator
On May 21, 2018, the bureau was weakened after US President Donald Trump signed into law Congressional legislation repealing the enforcement of automobile lending rules. On May 24, 2018, Trump signed into law further Congressional legislation exempting dozens of banks from the CFPB's regulations