The chief executive officer of a payday lending company which has been investigated by the Consumer Financial Protection Bureau believes that she is uniquely qualified to be the next full-time director at the agency, according to a published report.
Janet Matricciani submitted her letter and resume to acting director Mick Mulvaney, asking to be considered for his replacement, when President Trump decides to nominate a full-time director. Matricciani was CEO of World Acceptance, which was previously under investigation by the CFPB related to its lending practices. The CFPB announced on Jan. 22 that it was closing the investigation. Matricciani’s resignation was announced the same day. Two days after that, she sent the email to Mulvaney, announcing her interest in his job.
“I would love to apply for the position of director of the CFPB,” Matricciani wrote to Mulvaney. “Who better than me understand the need to treat consumers respectfully and honestly, and the equal need to offer credit to lower income consumers in order to help them manage their daily lives?”
She also added: “I have indepth (sic) experience of what a CFPB investigation is like, and so I am in an unparalleled position to understand the effect of various CFPB actions on a company, its workforce, its customers and the industry.”
There was no word on whether she had been contacted for an interview.
