"If you're a lobbyist who never gave us money, I didn't talk to you".
Mulvaney received almost $63,000 from payday lenders for his congressional campaigns.
In a speech to the American Bankers Association, Mulvaney said that when he was a congressman, he would only meet with lobbyists who weren't from his district if they gave him a campaign donation. "If you're a lobbyist who gave us money, I might talk to you".
As a congressman, Mulvaney received $63,000 in campaign contributions from payday lenders, and since taking over at the CFPB he has loosened regulations on the payday lending industry, which has been accused of engaging in predatory practices. During recent testimony before the House Committee on Financial Services, Mulvaney said, "The bureau is not created to be accountable and my work there is aimed towards one end goal: to make the bureau more accountable". "Mr. Mulvaney should resign, and the White House should quickly nominate a permanent CFPB Director with bipartisan support and a moral compass".
Mulvaney spokesman John Czwartacki told the New York Times that "He was making the point that hearing from people back home is vital to our democratic process and the most important thing our representatives can do". The scandalous part is that Mulvaney asked the executives and lobbyists to donate more money, and told them the more they donated, the more influence they would have.
Officials say the change reflects the bureau's legal name, but critics say it underscores the abrupt ideological turn the bureau has taken since Trump-appointee Mick Mulvaney took over. Sherrod Brown (D-Ohio) said on Wednesday that Mulvaney has "made it clear that [his] congressional office was for sale" and called on him to resign immediately.