Which is worse? Being moved to the basement or to Dallas?
That might be the decision facing a number of employees at the Bureau of Consumer Financial Protection as acting director Mick Mulvaney mulls ways in which he can cut the agency’s expenses, according to a published report.
Mulvaney has made no secret of his plan to follow the letter of the law and nothing more when it comes to running the regulator. He’s admitted he can’t just shut the agency down, but he does appear to be willing to do whatever he can to make sure the CFPB does not go out inch outside of its statutory authority.
Among the choices being considered by Mulvaney to reduce the CFPB’s expenses:
- Requiring staffers who do not need to work in an office to work from home, saving $18 million
- Having employees share desks, which might save $18 million
- Adding 70 work spaces to the basement of the CFPB’s office in Washington, D.C., which could save $16 million
- Having some staffers relocate to Dallas, which could save $2.4 million
“All options are on the table as we work to make the bureau more efficient and effective,” John Czwartacki, the CFPB’s chief communications officer, said in a published report.