Sherrod Brown (D-Ohio) has called for the resignation of Mick Mulvaney, Acting Director of the Consumer Financial Protection Bureau (CFPB) and Director of the Office of Management and Budget (OMB). On Tuesday, he admitted that, as a Congressman, he only met with lobbyists who gave him money - almost 90% of which come from banks and other businesses. Dodd-Frank rollback dominates banking conference Acting CFPB chief mulls taking down public complaint database MORE should resign after comments suggesting he gave preferential treatment to lobbyists who had donated to his campaigns. If you were a lobbyist who gave us money, I might talk to you.
During Mulvaney's speech to the American Bankers Association conference, he also said that, as a congressmember, he would meet only with lobbyists who had given him money. This action would give lawmakers influence on the bureau's actions.
Norm Eisen, a former top ethics official under President Barack Obama, told Business Insider that Mulvaney "better hope that he never went beyond selling access".
Only meeting with lobbyists when they pay you money is a clear example of the political corruption that is commonplace in American politics.
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During his time in Congress, Mulvaney was an outspoken critic of the consumer bureau.
Referring back to Mulvaney's remarks to lenders that they should press lawmakers hard to pursue their agenda, Brown said that banks and lenders didn't need any more lobbyists.
"It is the ideal picture of all that is wrong with DC - and that will remain wrong with DC, even after this administration is gone", Lawrence Lessig, a Harvard professor and former Democratic presidential candidate, told Business Insider in a statement.