Mick Mulvaney Forces Out Obama-Era Holdovers in Consumer Financial Protection Bureau

Is the Trump Administration finally getting serious about being its own governing administration instead of an extension of Obama's? Let's hope so.

To President Trump's consumer chief, the latest in a series of changes to the Consumer Financial Protection Bureau is part of a normal transition from one White House administration to another.

To some consumer advocates, the moves instead represent a hostile takeover that undermines the federal watchdog's mission.

Mick Mulvaney, the consumer bureau's acting director as well as the White House budget chief, Wednesday oversaw a significant shake-up of the bureau's Consumer Advisory Board and similar advisory councils for community banks and credit unions.

The groups will be reconstituted with "new, smaller memberships," according to an email that bureau officials sent to the groups' members.

Scheduled for completion in the fall, the changes also will include regional town hall meetings, roundtable discussions at the consumer bureau's Washington, D.C. headquarters and elsewhere, and other efforts in a "new strategy to increase high-quality feedback" on consumer issues, the email said.

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There was no quiet leave-taking for the jilted advisory group members...

Of course not. Shrieking and crying to Authority Figures is all these broken pussies know how to do.

posted by Ace of Spades at 06:50 PM

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