Mulvaney, Watchdog Bureau's Leader, Advises Bankers on Ways to Curtail Agency

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Mulvaney, Watchdog Bureau’s Leader, Advises Bankers on Ways to Curtail Agency

Mulvaney, Watchdog Bureau’s Leader, Advises Bankers on Ways to Curtail Agency

NYT-

Mick Mulvaney, the interim director of the Consumer Financial Protection Bureau, told banking industry executives on Tuesday that they should press lawmakers hard to pursue their agenda, and revealed that, as a congressman, he would meet only with lobbyists if they had contributed to his campaign.

“We had a hierarchy in my office in Congress,” Mr. Mulvaney, a former Republican lawmaker from South Carolina, told 1,300 bankers and lending industry officials at an American Bankers Association conference in Washington. “If you’re a lobbyist who never gave us money, I didn’t talk to you. If you’re a lobbyist who gave us money, I might talk to you.”

At the top of the hierarchy, he added, were his constituents. “If you came from back home and sat in my lobby, I talked to you without exception, regardless of the financial contributions,” said Mr. Mulvaney, who received nearly $63,000 from payday lenders for his congressional campaigns.

[NEW YORK TIMES]

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