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Rep. Waters Plans on Calling Mulvaney to Testify For Choices Made While Running CFPB

Just because he no longer works at the Consumer Financial Protection Bureau does not mean former acting director Mick Mulvaney is off the hook with Rep. Maxine Waters [D-Calif.], who will likely be the chairperson of the House Financial Services Committee when it is gaveled into session in January.

Rep. Waters sent Mulvaney a letter this week, saying “I am writing to inform you that while your time running the Consumer Bureau may be over, the time for accountability for your actions is about to begin.” Mulvaney, who is the director of the White House’s Office of Management & Budget was named acting Chief of Staff last week.

Mulvaney spent a year running the CFPB before Kathy Kraninger took over last week as the new permanent director. During his tenure, Mulvaney re-shaped the agency and shifted its focus away from regulations and enforcement, moves that angered Democrats like Rep. Waters.

In her letter, Rep. Waters accused Mulvaney of making decisions that were “harmful to consumers,” and that she expects his “full and complete cooperation.”

A day after Democrats re-took control of the House of Representatives last month, Rep. Waters went on TV and reiterated her criticisms of Mulvaney and the choices he made while running the CFPB.

The CFPB “is under attack and has been under attack from Republicans and I want to do everything I can to undo some of the harm that Mr. Mulvaney has done.”

Rep. Waters has also introduced legislation that would reform the agency, including ensuring the agency’s complaint database remained open to the public and reestablishing a student loan office.

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