New York, NY – This week, a U.S. District Court judge erroneously decided to allow Mick Mulvaney to remain Director of the Consumer Financial Protection Bureau (CFPB). In response, Tamara Draut, Vice President of Policy and Research at Demos, issued the following statement:
“The court’s erroneous decision to allow President Trump’s unlawful appointment of Mick Mulvaney to continue as acting CFPB Director is a loss for American consumers.
“The CFPB was designed to protect working families from greedy and deceitful financial institutions but it can’t do that if Trump’s corporate cronies prevent the bureau from holding bad actors like Wells Fargo accountable.
“American consumers deserve a CFPB director who will stand up for their rights.”