White House budget chief Mick Mulvaney, the Trump-appointed interim director of the Consumer Financial Protection Bureau, advocated in a staff-wide memo yesterday to pull back on the agency’s aggressive enforcement approach, declaring an end to the days of “pushing the envelope,” the National Law Journal reported. Saying that he owed staff a clear explanation of how the agency would change under new leadership, Mulvaney told the staff he has no intention of shutting down an agency he harshly criticized as a Republican member of Congress. Mulvaney called for a more restrained enforcement approach, saying that the agency would no longer — in the words of former CFPB Director Richard Cordray — be involved in “pushing the envelope.”
