Mulvaney’s Rationale for Firing CFPB Advisory Boards Doesn’t Hold Water

American Banker, June 7, 2018–Rob Blackwell (subscription)
Mick Mulvaney is fond of saying he wants to make the Consumer Financial Protection Bureau into a “gold-standard” regulator, arguing that its tone and substance should be more like the Securities and Exchange Commission. Which makes it extra tough to explain the sophomoric way the CFPB handled the decision to dismiss the members of three advisory councils earlier this week.