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Mulvaney greets the Consumption Advisory Board of CFPB







  Mick Mulvaney is pictured. | AP "title =" Mick Mulvaney is pictured. | AP "/> </source></source></source></source></picture>
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                  Board members were informed of the decision by Mick Mulvaney, Director of Consumer Protection Bureau, on Wednesday in a teleconference. | Pablo Martinez Monsivais / AP </p>
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<p>  Mick Mulvaney, Deputy Director of the Consumer Protection Bureau, has appointed members of the The agency's Consumer Advisory Council, following complaints that it had canceled two meetings with the panel with little notice. </p>
<p>  Anthony Welcher, the policy associate director for external affairs of the Consumer Bureau, informed board members about the decision in a conference call on Wednesday they told them their terms are over, and they were not allowed to reapply. </p><div><script async src=

Continuation of the story

"We are doing our best to achieve what we call the Community as another form of advocacy and engagement," said Which, according to a record of the POLITICO appeal. [19659004] A new board is being formed, Welcher said.

"As Part of this is that we have decided to set up the advisory groups with a kind of new membership to bring in these new perspectives for these new dialogues," he said. "We will use the current application cycle to fill these memberships in the new groups, so in the coming months we will be changing these top-tier advisory groups."

The head of the office is required by law to meet twice a year with the 25-member Consumer Advisory Council.

There are three other advisory boards – the Community Bank Advisory Council, the Credit Union Advisory Council, and the Academic Research Council.

The new leadership "streamlines the way the boards work," Welcher said. "We also want to save money, so we can invest that in some of our external exposures."

A board member criticized the move.

"To dismiss the current members of the Advisory Board is a huge red flag in the ongoing erosion of critical financial consumer protection that will help average families," said lawyer at the National Consumer Law Center Chi Chi Wu, the board member.

"Apparent Director Mulvaney hears industry lobbyists making campaign contributions, but not the legally appointed members of the Consumer Advisory Board," Wu added.


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