Mulvaney Vows ‘Humility and Moderation’ From CFPB
- Temporary bureau head says CFPB should be more accountable
- Agency won’t stretch out of bounds during his tenure, he says
Mick Mulvaney
Photographer: Zach Gibson/BloombergThis article is for subscribers only.
Mick Mulvaney, the White House budget chief temporarily running the Consumer Financial Protection Bureau, defended his minimalist approach to leading the agency while delivering his first semiannual report to Congress on Wednesday.
“Our job is to enforce federal consumer financial laws, and our focus will be on carrying out only those activities Congress explicitly wrote into law,” the ex-congressman told former colleagues on the House Financial Services Committee. He highlighted the work he has done since taking on the CFPB role in November to transform the bureau from an aggressive regulator to one that acts with “humility and moderation.”