Mulvaney Takes Bold New Action at CFPB

This is the lovely new seal Mulvaney commissioned to announce his revised name for the bureau.CFPB

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Mick Mulvaney, in a bid to show how serious he is about changing things at the Consumer Financial Protection Bureau, has proposed changing its name to…

The Bureau of Consumer Financial Protection.

That should get things rolling! He also commissioned a new logo, a time-honored activity for CEOs who don’t really have anything better to do. I suppose it’s better than redecorating his office, though. In the meantime, the BCFP has taken exactly zero actions to protect consumers since Mulvaney took over, and he told Congress today that the bureau’s new mission is “to recognize free markets and consumer choice.” In other words, to do nothing to protect consumers, who are now on their own. Lovely.

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THE BIG PICTURE

You expect the big picture, and it's our job at Mother Jones to give it to you. And right now, so many of the troubles we face are the making not of a virus, but of the quest for profit, political or economic (and not just from the man in the White House who could have offered leadership and comfort but instead gave us bleach).

In "News Is Just Like Waste Management," we unpack what the coronavirus crisis has meant for journalism, including Mother Jones’, and how we can rise to the challenge. If you're able to, this is a critical moment to support our nonprofit journalism with a donation: We've scoured our budget and made the cuts we can without impairing our mission, and we hope to raise $400,000 from our community of online readers to help keep our big reporting projects going because this extraordinary pandemic-plus-election year is no time to pull back.

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