Office of Management and Budget Director Mick Mulvaney testifies before the Senate Budget Committee May 25, 2017 in Washington, D.C. (Photo: Win McNamee/Getty Images)
Apr 12, 2018
During a Senate hearing Thursday on acting CFPB director Mick Mulvaney's recently unveiled plan to gut the agency he was controversially appointed to run, Sen. Sherrod Brown (D-Ohio) took Mulvaney to task for both failing to initiate new cases against predatory banks and killing lawsuits against payday lenders--bringing the grand total of CFPB enforcement actions under his tenure to not just down to zero, but to "negative four."
"The number of enforcement actions under his watch: zero," Brown said, citing a recent analysis by the Associated Press. "Well, actually, that's not correct. The number of enforcement actions under his watch is negative four. Not only has the CFPB not initiated a single enforcement action, it's withdrawn lawsuits against four payday lenders that charged consumers triple-digit interest rates."
"Why are you using your powers to do favors for shady lenders and Wall Street bankers?" Brown asked Mulvaney.
Watch:
\u201cMUST SEE VIDEO: @SenSherrodBrown corrects the record. It's not true that Mulvaney has initiated ZERO new enforcement actions to protect consumers as "acting director" at @CFPB. The number is actually NEGATIVE FOUR. #ProtectConsumers #OHpol #OHsen\u201d— Allied Progress (@Allied Progress) 1523544082
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During a Senate hearing Thursday on acting CFPB director Mick Mulvaney's recently unveiled plan to gut the agency he was controversially appointed to run, Sen. Sherrod Brown (D-Ohio) took Mulvaney to task for both failing to initiate new cases against predatory banks and killing lawsuits against payday lenders--bringing the grand total of CFPB enforcement actions under his tenure to not just down to zero, but to "negative four."
"The number of enforcement actions under his watch: zero," Brown said, citing a recent analysis by the Associated Press. "Well, actually, that's not correct. The number of enforcement actions under his watch is negative four. Not only has the CFPB not initiated a single enforcement action, it's withdrawn lawsuits against four payday lenders that charged consumers triple-digit interest rates."
"Why are you using your powers to do favors for shady lenders and Wall Street bankers?" Brown asked Mulvaney.
Watch:
\u201cMUST SEE VIDEO: @SenSherrodBrown corrects the record. It's not true that Mulvaney has initiated ZERO new enforcement actions to protect consumers as "acting director" at @CFPB. The number is actually NEGATIVE FOUR. #ProtectConsumers #OHpol #OHsen\u201d— Allied Progress (@Allied Progress) 1523544082
During a Senate hearing Thursday on acting CFPB director Mick Mulvaney's recently unveiled plan to gut the agency he was controversially appointed to run, Sen. Sherrod Brown (D-Ohio) took Mulvaney to task for both failing to initiate new cases against predatory banks and killing lawsuits against payday lenders--bringing the grand total of CFPB enforcement actions under his tenure to not just down to zero, but to "negative four."
"The number of enforcement actions under his watch: zero," Brown said, citing a recent analysis by the Associated Press. "Well, actually, that's not correct. The number of enforcement actions under his watch is negative four. Not only has the CFPB not initiated a single enforcement action, it's withdrawn lawsuits against four payday lenders that charged consumers triple-digit interest rates."
"Why are you using your powers to do favors for shady lenders and Wall Street bankers?" Brown asked Mulvaney.
Watch:
\u201cMUST SEE VIDEO: @SenSherrodBrown corrects the record. It's not true that Mulvaney has initiated ZERO new enforcement actions to protect consumers as "acting director" at @CFPB. The number is actually NEGATIVE FOUR. #ProtectConsumers #OHpol #OHsen\u201d— Allied Progress (@Allied Progress) 1523544082
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