Blaine Luetkemeyer

Opinion: Under Mulvaney’s Leadership, the CFPB Can Finally Live Up to Its Name
Acting director is steering agency away from unlawful legislating and toward protecting consumers

Mick Mulvaney and I served on the House Financial Services Committee together for nearly four years before President Donald Trump selected him to run the Office of Management and Budget. In that time, we worked together to ensure transparency and accountability across the financial sector.

The Consumer Financial Protection Bureau was created by the Obama administration and Sen. Elizabeth Warren, D-Mass., with the promise of being a “strong, independent agency that levels the playing field and protects American families, seniors, students and veterans.” But in practice, the CFPB has been an unaccountable, unconstitutional, politically driven agency that has punished consumers and pushed them to riskier, unregulated financial products.

Luetkemeyer: Europe’s Fiscal Woes Are Lesson for U.S.

Our country still has a long way to go to get our nation’s fiscal house in order, but the new tone of the debate is a step in the right direction.

The economic woes of the United States will not be solved in one budget alone. Our fiscal mess took years of uncontrollable spending by both parties, and as a nation we must make fundamental changes to our financial habits. Look no further than Greece, Portugal, Ireland, even Italy, for examples of how out-of-control spending could affect the U.S.