The second act of Mick Mulvaney’s appearance before Congress representing the Consumer Financial Protection Bureau (CFPB) was supposed to be more fraught with fireworks than his appearance before the House Financial Services Committee a day earlier.
The anticipated showdown between Mulvaney and Sen. Elizabeth Warren (D-Mass.) on the Senate Banking Committee, as well as harsh criticism from other Senate Democrats, failed to live up to the billing.
Still, the headline of the day was Mulvaney’s rejection of the CFPB’s authority to create rules under its authority to protect against unfair, deceptive and abusive acts and practices. Read on for more details.
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