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Chairman Hensarling Statement on Mulvaney Appointment to CFPB

Washington, Nov 25 -

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement upon the appointment of OMB Director Mick Mulvaney to serve as Acting Director of the Consumer Financial Protection Bureau (CFPB):

“I congratulate President Trump on appointing OMB Director Mulvaney as Acting Director of the CFPB. Mick is a close friend and a dedicated public servant - I can think of no one better to lead the CFPB. I know he’ll fight not only to protect consumers from force, fraud, and deception, but will protect them from government interference with competitive, innovative markets and help preserve their fundamental economic opportunities and liberties as well. 

“In anticipation of the nomination and confirmation of a permanent Director, I further look forward to working with Director Mulvaney to restore true accountability and due process of law to an agency that desperately needs it.  

“With the resignation of Richard Cordray, there is now a wonderful opportunity to completely reform what has been a rogue agency that often harmed the very consumers it was charged with helping."