Trump Consumer Chief Mick Mulvaney Boots Obama Era Advisory Members

You may be wondering why there are any Obama era people still working in high level positions in DC. One member of Trump’s team just gave to boot to some of them at the CFPB.

USA Today reported:

Trump consumer chief Mick Mulvaney ousts Obama-era advisory panel members

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To President Trump’s consumer chief, the latest in a series of changes to the Consumer Financial Protection Bureau is part of a normal transition from one White House administration to another.

To some consumer advocates, the moves instead represent a hostile takeover that undermines the federal watchdog’s mission.

Mick Mulvaney, the consumer bureau’s acting director as well as the White House budget chief, Wednesday oversaw a significant shake-up of the bureau’s Consumer Advisory Board and similar advisory councils for community banks and credit unions.

The groups will be reconstituted with “new, smaller memberships,” according to an email that bureau officials sent to the groups’ members.

Scheduled for completion in the fall, the changes also will include regional town hall meetings, roundtable discussions at the consumer bureau’s Washington, D.C. headquarters and elsewhere, and other efforts in a “new strategy to increase high-quality feedback” on consumer issues, the email said.

“We don’t plan on having any additional meetings until the appointment of new board and council members,” the email added. “Until such time, existing advisory board and council members may continue to serve their existing terms.”

Expect senator Elizabeth Warren to freak out about this any time now. She always saw the CFPB as her baby.

 

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