Mick Mulvaney Is Having a Blast Running the Agency He Detests

Trump’s pick to lead the Consumer Financial Protection Bureau says he wants to give it the credibility of the SEC.

By Devin Leonard and Elizabeth Dexheimer

One of the first things Mick Mulvaney did last year after President Trump asked him to be acting director of theConsumer Financial Protection Bureauwas to read the statute dictating the agency’s powers. Created by the landmarkDodd-Frank Act of 2010, the CFPB was designed toprotect consumersfrom the abuses of the financial industry and is one of the Democratic Party’s proudest recent achievements.

Mulvaney was no fan of the agency, having ...