Trump's budget chief made a stunning comment that confirmed everyone's worst perceptions of lobbying's influence in Washington

pulse

April 25, 2018 3:45 PM

Mick Mulvaney, the White House budget director and interim head of the Consumer Financial Protection Bureau, told a large gathering of banking industry executives on Tuesday to influence lawmakers with campaign donations and admitted that he only met with lobbyists who donated to his campaign.

Mick Mulvaney, the White House budget director and interim head of the Consumer Financial Protection Bureau, told a large gathering of banking industry executives on Tuesday to influence lawmakers with campaign donations.
Mulvaney, a former congressman, said that he would only meet with lobbyists who donated to his campaign.
"If you're a lobbyist who never gave us money, I didn't talk to you. If you're a lobbyist who gave us money, I might talk to you," he said.

Mulvaney has come under fire from Democrats and consumer advocates who say he is effectively crippling the CFPB, which is charged with regulating financial institutions, including mortgage and credit card companies. Over the last four months, Mulvaney has worked aggressively to halt or reverse the CFPB's enforcement of consumer protection laws, freezing all new investigations.

Mulvaney has been criticized for loosening regulations on the very industries that have supported his political career, including payday lenders accused of predatory practices. (Mulvaney received almost $63,000 from the payday lending industry for his congressional campaigns, according to The Times.)

Democrats and other critics of Mulvaney accused the top White House official of engaging in criminal conduct by encouraging pay for play.

"This is a crime and he should be fired immediately. This isn't small government. This is organized crime," tweeted Jason Kander, a former Democratic Senate candidate from Missouri and voting rights activist.

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