Released: June 07, 2018
Mulvaney fires all 25 members of consumer watchdog’s advisory board
Source: Renae Merle, Washington Post (Paid Registration)
Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, fired the agency’s 25-member advisory board, days after some of its members criticized his leadership of the watchdog agency.
The CFPB said it will revamp the Consumer Advisory Board, known as the CAB, in the fall with all new members. The panel has traditionally played an influential role in advising the CFPB’s leadership on new regulations and policies.
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