But Mulvaney’s remarks are essentially par for the course. Since Trump appointed him as head of the CFPB in November, he has attempted to defund the agency, cut down on enforcement actions against financial institutions, considered limiting access to its database of complaints against banks, and even asked the Associated Press to start referring to it by a different name.


He is helping destroy an agency the Republican donor class detests from the inside, all while signaling to that same donor class to keep the money coming in. Mulvaney isn’t just saying the quiet part out loud, but essentially holding up a sign that conveys his message through flashing, neon lights.