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OMB director Mick Mulvaney. Credit: White House

White House budget chief Mick Mulvaney, the Trump-appointed interim director of the Consumer Financial Protection Bureau, advocated in a staff-wide memo Tuesday to pull back on the agency’s aggressive enforcement approach, declaring an end to the days of “pushing the envelope.”

Saying 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 the agency would no longer—in the words of former CFPB Director Richard Cordray—be involved in “pushing the envelope.”

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C. Ryan Barber

C. Ryan Barber, based in Washington, covers government affairs and regulatory compliance. Contact him at [email protected]. On Twitter: @cryanbarber

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