Mick Mulvaney

15 Stories

Top Student Loan Official Blasts White House in Resignation

Seth Frotman will resign at the end of the week

(Newser) - Seth Frotman, the federal government's top student loan watchdog, resigned Monday, accusing the White House of serving "the wishes of the most powerful financial companies in America" and abandoning consumers. Frotman, student loan ombudsman with the Consumer Financial Protection Bureau, will step down at the end of the... More »

Wells Fargo to Pay $1B for Forcing Insurance on People

And for missteps in its mortgage division

(Newser) - A Thursday rumor turned into Friday truth: Wells Fargo will pay $1 billion to settle allegations from federal regulators for abuses tied to its mortgage and auto lending businesses. It will pay $500 million to the Office of the Comptroller of the Currency, its main bank regulator, as well as... More »

White House Investigates Pruitt's $43K Phone Booth

39 senators call for EPA chief to step down

(Newser) - Scott Pruitt's week isn't getting any easier: White House budget director Mick Mulvaney said Wednesday that he's planning to investigate the embattled EPA chief's activities, which include allegedly violating the law by spending $43,000 in taxpayer funds on a soundproof phone booth for his office,... More »

Under Old Watchdog Chief: 2 to 4 Enforcements a Month. Now: Zero

No enforcement action in the Consumer Financial Protection Bureau in 135 days and counting

(Newser) - In the 135 days since the Trump administration took control of the nation's consumer watchdog agency, it hasn't recorded a single enforcement action against banks, credit card companies, debt collectors, or any finance companies whatsoever. That's likely no fluke: Mick Mulvaney, appointed acting director of the Consumer... More »

Trump's Military Parade Could Be Pricey: OMB

Mick Mulvaney says it could run between $10M and $30M

(Newser) - The White House budget director said Wednesday that a military parade envisioned by President Trump won't come cheap: It could cost between $10 million and $30 million, although that money isn't included in the administration's new budget request. Office of Management and Budget Director Mick Mulvaney told... More »

Trump's Plan: Deliver Food Boxes Instead of Food Stamps

But critics say the idea of an 'America's Harvest Box' is 'prone to failure'

(Newser) - Trump administration members are hailing their newest idea as a "bold" approach that would save the government billions and feed more than 38 million people in low-income households, but critics are calling it an approach that's "prone to failure." President Trump's 2019 budget plan was... More »

Rand Paul Says Immigration Vote Would End Shutdown

Libertarian senator says he has a plan to reopen the government

(Newser) - The government may be stuck in a shutdown, with politicians on both sides of the aisle blaming their colleagues, but at least one Republican senator thinks he has a way to end the stalemate. On Sunday, Rand Paul told CNN's State of the Union that he had presented a... More »

Judge Backs Trump in Pick to Run Consumer Agency

But the legal fight might not be over yet for Mick Mulvaney

(Newser) - The White House just won a legal battle in the bizarre DC drama involving dueling directors at the same federal agency. A federal judge on Tuesday ruled that Mick Mulvaney should be the interim chief of the Consumer Financial Protection Bureau, reports the Hill . Mulvaney, who also serves as the... More »

2 Memos From 2 Bosses Reveal Chaos at Agency

The CFPB currently has 2 interim directors, and they both showed up for work on Monday

(Newser) - So how goes life as an employee of the Consumer Financial Protection Bureau on Monday? Two memos cited by the Washington Post tell the tale:
  • From the boss: “I hope that everyone had a great Thanksgiving. With Thanksgiving in mind, I wanted to take a moment to share my
... More »

Federal Agency Has Dueling Directors, and One's Suing

Monday is likely to be a chaotic day at the Consumer Financial Protection Bureau

(Newser) - Monday is likely to be a chaotic day at the Consumer Financial Protection Bureau: The federal agency now has two dueling directors , and they both say the law is clearly on their side. Leandra English, who was set to become acting director after the early departure of Richard Cordray , filed... More »

It's Unclear Who Will Be in Charge of US Agency Come Monday

Trump, outgoing director appoint dueling heads of Consumer Financial Protection Bureau

(Newser) - While consumers were fighting over fancy televisions on Black Friday, the US government was fighting over consumers. The New York Times reports Richard Cordray suddenly left his position as director of the Consumer Financial Protection Bureau on Friday—a week ahead of schedule. One of his final moves before heading... More »

White House Torn Over ObamaCare Mandate Repeal

At least one Republican senator is balking at the idea

(Newser) - The White House is sending mixed signals about the fate of the Affordable Care Act's individual mandate as it tries to corral enough votes in the Senate to pass tax reform. After President Trump said he would like to see repeal of the mandate as part of the tax... More »

Aide: Trump 'Clearly Telegraphing' Military Options for North Korea

But a GOP senator says military action in North Korea would be 'horrific'

(Newser) - A White House aide says there's no misunderstanding what President Donald Trump means when he says "only one thing will work" to rein in North Korea's nuclear and missile program, AP reports. Budget director Mick Mulvaney tells NBC that Trump's "clearly telegraphing, and this should... More »

White House Didn't Claim Meals on Wheels Doesn't Get Results

But its budget could be disastrous for the nonprofit program anyway

(Newser) - The Trump administration has been under fire after Mick Mulvaney reportedly said funding cuts to Meals on Wheels are justified because the program is "just not showing results." But in fairness to Mulvaney, the Washington Post reports that's not what the budget director actually said. When he... More »

Trump's Budget Director Pick Failed to Pay $15K in Taxes

Rep. Mick Mulvaney apparently didn't know he owed taxes on nanny's income

(Newser) - Controversy is suddenly swirling around Donald Trump's pick for White House budget director, whose confirmation hearing isn't until next week, after it was revealed he failed to pay more than $15,000 in taxes on a family nanny, the New York Times reports. Rep Mick Mulvaney employed the... More »

15 Stories