Congressional oversight

Mulvaney asks Congress to dramatically reduce CFPBÕ independence

Mick Mulvaney continued his push to substantially alter the operations of a federal agency that he once called a “sick, sad joke” by asking Congress on Monday to significantly increase its oversight of the Consumer Financial Protection Bureau. In his first report to Congress as CFPB acting director, Mulvaney asked Congress to enact four major reforms that would considerably cut the CFPB’s independence.