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Senate Democrats urge Trump to replace Mulvaney

Democratic senators urged President Donald Trump to replace his pick for acting director of the Consumer Financial Protection Bureau, Mick Mulvaney.

In a Dec. 4 letter spearheaded by Sen. Sherrod Brown, D-Ohio, the ranking member of the Senate Banking Committee, and Sen. Gary Peters, D-Mich., 44 democrats criticized Mulvaney's appointment, saying that it was tantamount to "political interference."

Mulvaney — who had previously criticized the CFPB as "a joke .... in a sick, sad kind of way" — was tapped to run the agency following Richard Cordray's resignation. A power struggle ensued after as Cordray had picked Leandra English as deputy director, a position that put her in place to assume the role of acting director.

"Assigning leadership of the CFPB to someone who already has a full-time job reporting to the White House and who does not believe in the CFPB's mission jeopardizes the agency's independence and effectiveness," the senators said. They urged Trump to nominate a director with "a track record of being tough on big banks and other financial firms that rip off consumers."