Even as the leadership of the CFPB is being determined in federal court, Acting Director Mick Mulvaney issued a 30-day freeze on issuing regulations and hiring at the agency.
"Rumors that I'm going to set the place on fire or blow it up or lock the doors are completely false," he said. "We intend to execute the laws of the United States, including the provisions of Dodd-Frank that govern the CFPB."
As a Republican House member from South Carolina, Mulvaney was outspoken in his belief that the agency should be abolished.
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