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White House budget director Mick Mulvaney is imposing a 30-day freeze on hiring and new rulemaking as he moves to take control of the consumer protection bureau he’s running on a temporary basis.
Mulvaney said Monday that his view of the Consumer Financial Protection Bureau hasn’t changed. He’s calling it an example of “bureaucracy gone wrong.”
READ MORE: What is the Consumer Financial Protection Bureau, anyway?
He says elections have consequences at every agency and that includes the CFPB. He says he intends to run the consumer bureau differently than the previous Obama administration, which created it under the Dodd-Frank Law.
Mulvaney says he plans to spend three days a week at the CFPB and three days a week at his job at the Office of Management and Budget. He says President Donald Trump made clear to him that he “wants me here.”
Press secretary Sarah Huckabee Sanders said Monday that Mulvaney has the full cooperation of the staff of the Consumer Financial Protection Bureau. She says the agency’s general counsel appointed by former director Richard Cordray says Mulvaney has legal standing to be there.
Mulvaney showed up for work at the CFPB on Monday after President Donald Trump picked him to lead the agency on a temporary basis. But so did Leandra English, who was elevated to interim director of the bureau last week by Cordray.
WATCH: White House addresses dueling directors of consumer protection bureau
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