--- title: White House Budget Director Mick Mulvaney Puts Hiring Freeze on Consumer Financial Protection Bureau | TIME description: Mick Mulvaney, President Donald Trump’s pick as leader of the nation’s top financial watchdog agency, said Monday that he was imposing a 30-day freeze on hiring and new rulemaking as he moves to take control of the CFPB canonical: https://time.com/video/6jQRhsbz/ og:title: White House Budget Director Mick Mulvaney Puts Hiring Freeze on Consumer Financial Protection Bureau og:description: Mick Mulvaney, President Donald Trump’s pick as leader of the nation’s top financial watchdog agency, said Monday that he was imposing a 30-day freeze on hiring and new rulemaking as he moves to take control of the CFPB og:url: https://time.com/video/6jQRhsbz/ og:image: https://cdn.jwplayer.com/v2/media/6jQRhsbz/poster.jpg?width=720 og:type: video.other twitter:card: summary_large_image twitter:title: White House Budget Director Mick Mulvaney Puts Hiring Freeze on Consumer Financial Protection Bureau twitter:description: Mick Mulvaney, President Donald Trump’s pick as leader of the nation’s top financial watchdog agency, said Monday that he was imposing a 30-day freeze on hiring and new rulemaking as he moves to take control of the CFPB twitter:image: https://cdn.jwplayer.com/v2/media/6jQRhsbz/poster.jpg?width=720 --- # White House Budget Director Mick Mulvaney Puts Hiring Freeze on Consumer Financial Protection Bureau > Sponsored content. 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They are at time.com/newsletters and are separate from a paid subscription. ## Video: White House Budget Director Mick Mulvaney Puts Hiring Freeze on Consumer Financial Protection Bureau [Watch (HLS stream): White House Budget Director Mick Mulvaney Puts Hiring Freeze on Consumer Financial Protection Bureau](https://cdn.jwplayer.com/manifests/6jQRhsbz.m3u8) (1:08)  _Published 2017-11-28. Mick Mulvaney, President Donald Trump’s pick as leader of the nation’s top financial watchdog agency, said Monday that he was imposing a 30-day freeze on hiring and new rulemaking as he moves to take control of the CFPB_ --- Jul 27, 2023 11:03 PM UTC --- ## More From This Series [All Videos](https://time.com/video/) [Free Credit Freezes Are Now A Thing](/video/c69hKXs1/) ### Free Credit Freezes Are Now A Thing [Judge Allows Mick Mulvaney to Remain as Director of Consumer Financial Protection Bureau](/video/QJojWAWz/) ### Judge Allows Mick Mulvaney to Remain as Director of Consumer Financial Protection Bureau [Making Sense of Financial Consumer Protection](/video/22krWLsP/) ### Making Sense of Financial Consumer Protection --- ## Transcript Effective today we've put something similar in place here to what we did across the entire executive branch at the outset of the administration. I think at the outset of the adminstration we did a 90 day hiring freeze. We put a 30 day hiring freeze here at CFPB. Probably more importantly we put a 30 day immediate freeze on any new rules, regulation, and guidance. They think it's in the pipeline, stops for at least 30 days while I get a chance to see exactly what's going on, and kick the tires here at the bureau. This agency will stay open. Rumors that I'm going to set the place on fire, or blow it up, or lock the doors are completely false. I'm a member of the executive branch of government. We intend to execute the laws of the United States, including the provisions of Dodd- Frank that govern the CFPB. That being said, the way we go about it, the way we interpret it, the way we enforce it, will be dramatically different under the current administration than it was under the last. Anybody who thinks that a Trump administration CFPB would be the same as an Obama administration CFPB is simply being naive. 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