Democrats press Mick Mulvaney on CFPB fair lending enforcement

Published February 16, 2018 6:39pm ET



Congressional Democrats are asking Consumer Financial Protection Bureau acting director Mick Mulvaney to explain his decision to reorganize an agency office overseeing fair lending rules, warning that doing so could lead to predatory lending.

Democrats also asked the Trump-appointed Mulvaney to turn over all correspondence he might have had with the White House or bank lobbyists in arriving at the decision. Their criticism represents a reversal from the patterns of the past seven years, when congressional Republicans hassled Obama appointee Richard Cordray at every step of the way as he implemented new rules.

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