In January, White House budget director Mick Mulvaney was just two months into his side job as the Consumer Financial Protection Bureau’s interim director when he started soliciting feedback on the agency’s work. His first area of inquiry: the CFPB’s civil investigative demands.
Long bemoaned as overbroad and burdensome, the subpoenas apparently built up so much frustration that the financial industry players needed more time to prepare their critiques. Mulvaney earlier this month pushed the original March 27 comment deadline to April 26, granting the extension that two top lobbying groups—the Financial Services Roundtable and Consumer Bankers Association, represented by Buckley Sandler—had requested.
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