Press Release ● Miscellaneous
For Immediate Release: 
November 26, 2017
Contact Info: 
Mariel Saez 202-225-3130
WASHINGTON, DC – House Democratic Whip Steny H. Hoyer (MD) released the following statement today after President Trump appointed Mick Mulvaney as Interim Director of the Consumer Financial Protection Bureau:
 
“Once again, we are seeing the Trump Administration attempt to destroy an agency from within by appointing as its head an individual who does not believe in its mission.  By announcing Mick Mulvaney as Interim Director of the Consumer Financial Protection Bureau (CFPB), the President is signaling to financial fraudsters that it will once again be open season on hard-working Americans who are trying to obtain or refinance mortgages, save for retirement, or pay off their debt. 
 
“It remains unclear, however, whether the President even has the authority to appoint an interim director. When Director Cordray submitted his resignation, he appointed his deputy as the acting director. Under the terms of the Dodd-Frank legislation that Congress passed authorizing the creation of the CFPB, it was made clear that this agency must be independent from the political whims of any administration. I urge the White House to respect the spirit of the law and allow Acting Director English to run the agency independently until a new Director is nominated and confirmed.”