For the first time since the creation of the Consumer Financial Protection Bureau, a director besides Richard Cordray appeared before the House Financial Services Committee to fulfill the statutory requirement of reporting on the bureau’s semi-annual report to Congress.
Not everyone was so happy to see him, though. “Mr. Chairman, let me say at the outset that Mr. Mulvaney is not the acting director of the Consumer Financial Protection Bureau,” Rep. Maxine Waters (D-Calif.), ranking member of the committee, said in her opening remarks.
Read on for more from Mulvaney’s first trip to the Hill to represent the bureau.
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