Mick Mulvaney, the director of the White House's Office of Budget and Management, told banking officials on Tuesday that while he was a congressman, he had a policy of only talking to lobbyists who donated to his campaign, the New York Times reported. 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. Among those who donated to his campaign were payday lenders, who gave him over $60,000. "If you're a lobbyist who gave us money, I might talk to you".
Sherrod Brown, D-Ohio, blasted Mulvaney for the comments, which the former Republican congressman from SC made Tuesday during an appearance at an American Bankers Association conference in Washington.
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Richard Painter, President George W. Bush's top ethics lawyer, told Business Insider that Mulvaney's admission that he exchanged money for access "puts a target on his back". "Banks and payday lenders already have armies of lobbyists on their sides a they don't need one more".
Mr. Mulvaney, who also runs the White House budget office, is a longtime critic of the Obama-era consumer bureau, including while serving in Congress. Tuesday, he met with lobbyists and executives from the banking industry, promising further steps to gut regulations to prevent them from cheating customers. United States, in which it unanimously overturned a former Virginia governor's public-corruption conviction, reigning in what Chief Justice John Roberts called the government's "boundless interpretation" of federal bribery laws.
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Credit where credit is due, Mulvaney's startling admission is an example of honesty that is all too rare in Washington.
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