Office of Management and Budget director Mick Mulvaney took over Monday as acting head of the Consumer Financial Protection Bureau — an agency he once called "a sick joke." Mulvaney said he wants the CFPB to "protect people without trampling capitalism," and announced a 30-day freeze on any new regulations, rules, and guidance. He also told reporters Monday that "elections have consequences at every agency," and warned that anyone expecting the CFPB to operate under the Trump administration as it did under the Obama administration is "simply naive."
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