Mulvaney Reportedly Spoke to Bankers About Lobbyists Influencing Congress With Campaign Donations

Ann Santiago
April 27, 2018

Mulvaney, a former GOP congressman from SC, said Tuesday that he would only meet with lobbyists who had donated to his political campaigns but valued the opinions of his constituents over hired guns. If you were a lobbyist who gave us money, I might talk to you. Acting C.F.P.B. Director Mick Mulvaney, after all, has all but gutted the agency in his five short months there, freezing all new investigations into financial companies and effectively refusing to punish any malefactors in its sights. Sherrod Brown (D-Ohio) said on Wednesday that Mulvaney has "made it clear that [his] congressional office was for sale" and called on him to resign immediately. As a congressman from South Carolina, Mulvaney received nearly $63,000 from payday lenders.

Donald Trump ran for the presidency as an economic populist who promised to implement stringent new reforms to limit the power of money in government.

Mulvaney is often blamed for scaling back much of Dodd-Frank provisions and allegedly leaving American consumers exposed to manipulation by Big Banks, per criticism from the media and the likes of progressive Sen.

Following Mulvaney's testimony to Congress earlier this month, Warren is calling on the acting CFPB director to answer questions "for the record" about his actions on the payday lending rule, his data freeze, and his hiring of political appointees, among other things.

Trying to sway legislators that way was one of the "fundamental underpinnings of our representative democracy. And you have to continue to do it". The scandalous part is that Mulvaney asked the executives and lobbyists to donate more money, and told them the more they donated, the more influence they would have.

Since becoming CFPB director in November, former South Carolina Congressman Mick Mulvaney has gone out of his wayto make sure the Consumer Financial Protection Bureau is rendered absolutely useless when it comes to the goal of protecting consumers from predatory financial institutions.

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