January 19, 2018
CFPB director a new hero on the right
By Rick Moran
The acting director of the Consumer Financial Protection Bureau (CFPB), former congressman Mick Mulvaney, has submitted a budget request that may be a first in the history of government.
The CFPB is an independent agency that receives its funding from the Federal Reserve. The director must submit a budget request to the Fed every quarter. The most recent budget request came from former director Richard Cordray, an Obama appointee. Cordray asked the Fed for $217 million.
But Mulvaney shocked official Washington by making a budget request for zero dollars. That's $0.00 in taxpayer funds.
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