Amid a slew of controversy over the legitimacy of his role as acting director of the Consumer Financial Protection Bureau, Mick Mulvaney detailed how he plans to proceed with running the agency, beginning with a temporary halt to many of its key functions.
Mulvaney stated during a press conference that he intends to examine the bureau’s rules and other functions and institute changes that are in line with the Trump administration’s agenda.
Find out more about what kind of approach he is planning to take and how it pairs with what the financial industry has advocated for regarding the bureau and its leadership.