Mulvaney’s plan to embed political staffers in CFPB sparks backlash

Critics are blasting Mick Mulvaney’s aggressive push to rapidly remake the Consumer Financial Protection Bureau, arguing that his plans threaten to compromise the agency’s independence, while also establishing a blueprint for undermining the autonomy of other financial regulatory agencies.

Mulvaney, the White House budget director who was named the bureau’s acting director last month by President Trump, said Monday that he plans to start hiring political staffers, and to pair them with the career officials who currently head various CFPB divisions.

For “every major branch of CFPB — enforcement, rulemaking, education, legal, maybe somebody in the Northeast division, somebody in the Southeast division, somebody out West,” Mulvaney said he would “try to marry [that branch’s] senior staffer … up with a political position.”

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