What’s in a name? To John Michael Mulvaney, apparently more than most. Since taking over for Richard Cordray at the agency commonly known as the Consumer Financial Protection Bureau or CFPB, he has made it clear on several occasions that the Dodd-Frank Act clearly states that its true moniker is the Bureau of Consumer Financial Protection.
That is the name that adorns the bureau’s new seal and that is the name Mulvaney championed during his speaking engagements before Congress and industry trade groups. But even he had to admit that it is not an easy thing to get used to.
Find out more about what Mulvaney had to say about the name and how he is getting some in Congress and the financial industry to start seeing things his way.