Mulvaney explains how the CFPB will be different: Onsite at GAC

When it comes to how he will lead as the acting director of the CFPB, Mick Mulvaney cites a quote from the 19th century French diplomat Alexis de Tocqueville, best known for his writings about American democracy.

“When justice is more certain and more mild, it is at the same time more efficacious.”

The CFPB will be more mild, but it will be more certain, which is the best way for any regulator to be, said Mulvaney at CUNA’s GAC general session Tuesday morning.

“It allows us to do our job, it allows us to protect the people who deserve to be protected, and by law (they) are going to be protected,” Mulvaney said. “It also allows you to do your jobs. It allows you to provide the (financial) services. We recognize that there is value in what you do, and we thank you for it.”


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