Ohio Statehouse Newsroom

Sen. Brown calls for CFPB head to resign, says Ohio government is becoming increasingly corrupt

WASHINGTON (WCMH) -- On Tuesday, interim director of the Consumer Financial Protection Bureau Mick Mulvaney addressed about 1,300 bankers. 

During his speech he said, “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 also said, “If you came from back home and sat in my lobby, I talked to you without exception, regardless of the financial contributions.”

United State Senator Sherrod Brown took that to mean that Mulvaney was willing to listen and act upon the desires of lobbyists if they helped to fund his campaign.

“It's worse than distasteful, I mean think about that, his job is to run the consumer bureau,” said Brown. “He says, ‘give campaign money, do whatever you have to do to weaken it and to put it out of business,’ and for that he should be fired.”

Brown wasn’t the only one who didn’t take kindly to Mulvaney’s comments to the banking industry leaders.

Richard Cordray was the head of the CFPB until late last year. Due to his resignation President Trump was able to appoint Mulvaney to be interim-director.

Cordray tweeted this in response to learning of Mulvaney’s comments:

“Mulvaney and his squatter leadership at CFPB are a direct threat to clean and honest government. Why doesn’t the Trump administration see the value of protecting consumers? Now we know for sure out of his own mouth - because they are in the pockets of the financial industry.”

As a congressman Mulvaney was not bashful in his distaste for the CFPB, and now that he is head of the organization several Democrats are accusing him of trying to undo many of the safeguards the bureau has put in place to protect consumers.

A spokesman for Mulvaney has told the media that his comments are being twisted, and that the intention of the story was to illustrate to the bankers the level of commitment Mulvaney had to his constituents over lobbyists.

Still, Mulvaney was speaking at an event for the very people he is supposed to be protecting Americans from, which may be why some a skeptical of such an explanation.

Brown went on to discuss how he thinks acts of pay-to-play are corrupting Ohio’s state government.

“We are seeing an increasingly corrupt state government in Ohio, you've got the payday lenders that seem to have helped to enrich the speaker of the house causing him to resign,” said Brown.

It should be noted that Rosenberger has not been charged with any wrongdoing at this time; and there has been no confirmation that anything beyond a federal inquiry, which he referenced in his resignation announcement, is happening.

Brown went on to say, “We have a state where for-profit charter schools seem to run roughshod, more than any state in the country, betraying students who don’t get the education they should and fleecing taxpayers where these companies pocketed all kinds of money.”

“We’re seeing the Attorney General accusing the Lt. Governor, of his own party, of all kinds of corruption. So on this pay-to-play in Columbus, where the people have got their hands out for political contributions, and then turning around and helping their friends get more money; I’ve never seen anything like it in state government in Ohio,” said Brown.


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