Mulvaney highlights CU issues during Congressional hearings

by CUNA News

Credit union priorities were discussed during Consumer Financial Protection Bureau (CFPB) Acting Director Mick Mulvaney’s second day of testimony before Congress Thursday, this time before the Senate Banking Committee. Mulvaney appeared before the House Financial Services Committee Wednesday, and both sessions featured Mulvaney and legislators’ thoughts on the future of the CFPB and its role.

These hearings were Mulvaney’s first as acting CFPB director, a position he was named to by President Donald Trump in November.

Mulvaney reaffirmed his support for several issues that align with CUNA’s goals for the bureau under the Campaign for Common-Sense Regulation.

These include:

  • Emphasizing accountability and transparency by subjecting the bureau to appropriations;

 

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