Mick Mulvaney Mick Mulvaney

Mick Mulvaney arrives at the Consumer Financial Protection Bureau on Nov. 27, 2017, after being named director by President Trump. Mulvaney's appointment is being challenged in court by Leandra English, who had been appointed to that position by outgoing Director Richard Cordray. Alex Wong/Getty Images hide caption

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Alex Wong/Getty Images

Mick Mulvaney was appointed by President Trump as acting head of the Consumer Financial Protection Bureau. As a congressman, Mulvaney sponsored legislation to abolish the agency. Manuel Balce Ceneta/AP hide caption

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Manuel Balce Ceneta/AP

Face-Off: Elizabeth Warren Vs. Trump's Consumer Watchdog, Mick Mulvaney

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Mick Mulvaney, interim director of the Consumer Financial Protection Bureau, wants to give Congress prior approval of any major new rules created by the bureau. Brendan Smialowski/AFP/Getty Images hide caption

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Brendan Smialowski/AFP/Getty Images

Proposed cuts in funding for the Consumer Financial Protection Bureau come amid questions about Trump appointee Mick Mulvaney softening the agency's stance on payday lenders. Joshua Roberts/Reuters hide caption

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Joshua Roberts/Reuters

Trump Administration's Latest Strike On CFPB: Budget Cuts

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Office of Management and Budget Director Mick Mulvaney is also the interim director of the Consumer Financial Protection Bureau. Carolyn Kaster/AP hide caption

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Carolyn Kaster/AP

Trump Administration Plans To Defang Consumer Protection Watchdog

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Mick Mulvaney, a former Republican lawmaker and current White House budget chief, was also picked as interim head of the Consumer Financial Protection Bureau. Astrid Riecken/Getty Images hide caption

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Astrid Riecken/Getty Images

Under Trump Appointee, Consumer Protection Agency Seen Helping Payday Lenders

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Mick Mulvaney speaks at a news conference after his first day as acting director of the Consumer Financial Protection Bureau on Monday. Jacquelyn Martin/AP hide caption

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Jacquelyn Martin/AP

Mick Mulvaney, director of the Office of Management and Budget, was on Friday named acting director of the Consumer Financial Protection Bureau by President Trump. But before resigning earlier in the day, CFPB Director Richard Cordray had named Leandra English to be his interim successor. Astrid Riecken/Getty Images hide caption

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Astrid Riecken/Getty Images

Senate Majority Leader Mitch McConnell, R-Ky., Senate Finance Committee Chairman Orrin Hatch, R-Utah, and Treasury Secretary Steven Mnuchin speak to reporters about the Senate's version of the GOP tax reform bill. J. Scott Applewhite/AP hide caption

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J. Scott Applewhite/AP

White House Budget Director Mick Mulvaney leaves a Republican strategy session in which he and Treasury Secretary Steven Mnuchin were blasted by lawmakers over President Trump's deal with Democrats. J. Scott Applewhite/AP hide caption

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J. Scott Applewhite/AP