Mulvaney's first funding request for the Consumer Financial Protection Bureau: zero [Los Angeles Times (CA)]
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Source: Los Angeles Times
Mulvaney's first funding request for the Consumer Financial Protection Bureau: zero In his first quarterly funding request as acting director of the Consumer Financial Protection Bureau, Mick Mulvaney is asking for nothing. “This letter is to inform you that for the Second Quarter of Fiscal Year 2018, the Bureau is requesting $0,” he wrote Wednesday to Janet L. Yellen, chair of the Federal Reserve, which provides the watchdog agency’s funding. Mulvaney said that the bureau had enough money on hand to cover its anticipated $145 million in expenses for the quarter, which began Jan. 1, and that he plans to slash the bureau’s reserve fund. Mulvaney is an outspoken critic of the bureau who was made acting director in November — a controversial move by President Trump that is being challenged in court . In a 2014 interview , Mulvaney called the bureau a ?????“joke … in a sad, sick kind of way” and said that he “would like to get rid of it.” In his letter to Yellen, he said: “I ha
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