Mulvaney Liquidates CFPB's Advisory Boards

[babylonsister]

Mulvaney Liquidates CFPB's Advisory Boards
by BooMan
Thu Jun 7th, 2018 at 11:33:25 AM EST


The Consumer Financial Protection Bureau has some advisory groups. One is called the Community Bank Advisory Council. Another is called the Credit Union Advisory Council. The largest one is called the Consumer Advisory Board. Under the Dodd-Frank law that created the CFPB, the director is supposed to meet with the 25-member Consumer Advisory Board twice a year. Acting Director Mick Mulvaney has not met with the board a single time since assuming office in November 2017. Meetings have been scheduled and canceled, with Mulvaney, who also heads the Office of Management and Budget, each time citing his busy schedule.

On Monday, eleven members of the Consumer Advisory Board held a press conference to express their frustration with Mulvaney, and one of their primary complaints was that he is refusing to meet with them. This is how Mulvaney responded:

Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, fired the agency’s 25-member advisory board Wednesday, days after some of its members criticized his leadership of the watchdog agency.

The CFPB said it will revamp the Consumer Advisory Board, known as the CAB, in the fall with all new members.

The panel has traditionally played an influential role in advising the CFPB’s leadership on new regulations and policies. But some members, who include prominent consumer advocates, academics and industry executives, began to complain that Mulvaney was ignoring them and making unwise decisions about the agency’s future.

Actually, Mulvaney didn’t stop there. He liquidated all the advisory groups, including the Academic Research Council, and he informed them all that they are ineligible to re-apply for membership.

He was nice enough to have Anthony Welcher, the CFPB’s policy associate director for external affairs, inform the advisors of their fate on a conference call.

more...

http://www.boomantribune.com/story/2018/6/7/113325/7915

[Eliot Rosewater]

1. It makes sense to be a hard working american and support politicians who go out of

their ways to make it easier for corps to fuck you

wait, no it doesnt

We cant survive, we really cant, too many dumb fucking deplorable assholes.

[RandomAccess]

2. I hate this cruel bastard

[KelleyKramer]

3. The swamp is at flood level

I guess they could just put a sign on the front of the building that says "Fuck You American Consumer"