Mulvaney Mulls Option of Moving CFPB Into Basement. Or Dallas.

CFPB Acting Director Mick MulvaneyRon Sachs/Zumapress

For indispensable reporting on the coronavirus crisis, the election, and more, subscribe to the Mother Jones Daily newsletter.

What a piece of work these guys are:

Mick Mulvaney says he’s legally barred from shutting down the Consumer Financial Protection Bureau, a regulator he once called a “sick” joke.
But the agency’s acting director could move dozens of employees to the basement of its Washington headquarters. And he might try to relocate other staff members to Dallas.

….The analysis put together by Mulvaney’s advisers lays out multiple ways to trim the budget over the next two years. Requiring CFPB staff “without a business need to work in an office” to stay home could save as much as $18.3 million, while shared desks might reduce expenditures by another $18.3 million. Adding 70 work spaces in the basement of the CFPB’s main Washington building may save $16.6 million, and relocating staff to Dallas would decrease spending by $2.4 million.

Remember when Republicans effectively shut down the National Labor Relations Board by refusing to confirm enough members for it to have a quorum? And when they refused to allow a vote on any nominees to fill vacancies on the DC Circuit Court of Appeals? And when they first tried to sabotage the CFPB by blocking any confirmation of a director?

There’s not much more they can do on the CFPB front, and they can’t literally shutter the agency, so instead they’ve decided to make life miserable for its staff while they effectively halt its operation:

This is what the supposed working-class warriors of the Trump administration think of an agency that was designed to protect consumers from Wall Street. So far they have:

  • Sabotaged health care for the working class.
  • Effectively prevented the CFPB from reining in big banks.
  • Passed a big tax cut for the rich and big corporations.
  • Sided with payday lenders.
  • Implemented a tax increase on anything containing steel or aluminum.
  • Dismantled net neutrality as a gift to big broadband carriers.
  • Killed a plan to expand overtime pay.

There’s more, but I’m too lazy to keep going. Someone (*cough* Democrats *cough*) probably ought to drill all this into the heads of the working class folks who voted for Trump and his Republican enablers. So far the wealthy have done great under Trump, but the working class has gotten bupkis.

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate