No money requested for consumer protection: U-M expert available
As White House budget director Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, takes steps to reshape the bureau, a University of Michigan expert is available to comment.
Michael Barr is dean of the Gerald R. Ford School of Public Policy. He served as the U.S. Department of the Treasury’s Assistant Secretary for Financial Institutions in 2009-10 and was a key architect of the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act. He can discuss Mulvaney’s recent $0 budget request, as well as other efforts to roll back financial sector and consumer financial protection regulations.
“The Consumer Financial Protection Bureau has stood up for working families wronged by payday lenders, debt collectors, credit card companies and banks. Now is not the time to rob it of the resources it needs to be effective,” Barr said.
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