Davidson Pushes Accountability at CFPB after wild Spending under Richard Cordray

April 11, 2018
Press Release

WASHINGTON, DC - Today, Congressman Warren Davidson (OH-08) questioned Mick Mulvaney, acting Director of the Consumer Finance Protection Bureau (CFPB), about the CFPB spending over $43 million on public relations under former Director Richard Cordray during a Financial Services Committee Hearing.

 

Davidson charged that under former Director Richard Cordray the CFPB paid GMMB, Inc., an advertising agency and political consulting firm affiliated with Barack Obama and Hillary Clinton, over $43 million to provide public relations services for the agency. Davidson asked Mulvaney why a nonpartisan agency would even need a PR firm.

 

Acting Director Mulvaney agreed with Davidson saying it was a great question, and went on to say that he's in the process of cancelling the contract with GMMB, Inc.

  • The CFPB spent $43,453,250 with GMMB, Inc. since 2013

Davidson went on to ask if the American people were getting a good value for the $43 million that the CFPB was spending with GMMB.

 

"If I thought I were getting a good value for my $43 million, would not have sought to cancel the contract," said Mulvaney.

 

You can watch the full hearing here.