Mulvaney’s CFPB Considers Moving Staff to Basement. Or to Dallas

May 1, 2018, 1:40 PM

Mick Mulvaney says he’s legally barred from shutting down the Consumer Financial Protection Bureau, a regulator he once called a “sick” joke.

But the agency’s acting director could move dozens of employees to the basement of its Washington headquarters. And he might try to relocate other staff members to Dallas.

Such options are being proposed by his top aides as Mulvaney seeks to cut spending at the Republican-loathed watchdog by tens of millions of dollars, according to an internal cost-savings analysis that was obtained by Bloomberg News. Another budget-trimming idea: making employees share desks.

“All options are on the table ...

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