Trump’s CFPB Won’t Be Obama’s: Key Ways It Could Be Different

Fox Business discusses Mick Mulvaney’s appointment as acting director of the Consumer Financiual Protection Bureau with Iain Murray.

As the battle wages on over who is the rightful acting director of the Consumer Financial Protection Bureau (CFPB), deputy director Leandra English or Office of Management and Budget director Mick Mulvaney, one thing is certain: President Donald Trump’s CFPB will differ from President Barack Obama’s.

“Anyone who thinks that a Trump administration CFPB would be the same as an Obama administration CFPB is simply being naïve. Elections have consequences at every agency, including the CFPB,” Mulvaney said on Monday.

Some hope the new director will curtail the number of new rules issued.

“The CFPB should focus on enforcing existing consumer protection laws rather than finding creative ways to impose new ones in defiance of Congress,” Iain Murray, vice president for strategy at the Competitive Enterprise Institute, told FOX Business.

Read the full article at Fox Business.