Mick Mulvaney, director of the Consumer Financial [del]Protection[/del] Bureau, requests a budget of $0. All previous budget requests, for hundreds of millions of dollars, have been filled without hesitation as the CFPB is one of the few arms of the government that actually nets billions of dollars by fining financial institutions for defrauding their customers. Or should I say, it did that - past tense.
"“So far this week the acting director has announced plans to gut the payday lending rule, asked big banks and Wall Street special interests how they would like to destroy the agency from the inside, and now he’s screwing with its funding,” said Karl Frisch, executive director of Allied Progress, a consumer group. “What he hasn’t done is offer one announcement about actions taken to protect consumers.”
The deconstruction of the administrative state continues.