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CEO of company previously investigated by CFPB emailed Mulvaney for job

Mick Mulvaney. Photo: Win McNamee / Getty Images

Janet Matricciani, former CEO of payday lending company World Acceptance, contacted Mick Mulvaney on his personal email account suggesting she be made CFPB director, the AP reports.

Why it matters: Per the AP, this "suggests a cozier relationship between industry and regulator" since President Trump was elected.

  • The investigation of World Acceptance wrapped in late January, the AP reports, two months after Mulvaney replaced Richard Cordray as the agency's acting chief. Matricciani sent an email to Mick Mulvaney two days later.
  • In her email, obtained by the AP, Matricciani cites the investigation of her company as the reason why she should be considered for the job, saying she has "experience of what a CFPB investigation is like, and so I am in an unparalleled position to understand the effect...on a company."
  • World Acceptance was investigated for three years over its lending practices; evidence was found that the company "repeatedly trapped its customers in debts they could not repay and charged them interest rates higher than what they disclosed," the AP reports.
  • World Acceptance also donated to Mulvaney's political campaigns.

Go deeper

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Kellyanne Conway's parting power pointers

Kellyanne Conway addresses the 2020 Republican National Convention. Photo: Nicholas Kamm/AFP via Getty Images

Kellyanne Conway has seen power exercised as a pollster, campaign manager and senior counselor to President Trump. Now that his term in office has concluded, she shared her thoughts with Axios.

Why it matters: If there's a currency in this town, it's power, so we've asked several former Washington power brokers to share their best advice as a new administration and new Congress settle in.

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Alayna Treene, author of Sneak Peek
3 hours ago - Politics & Policy

GOP holdouts press on with plans to crush Cheney

Screenshot of emails to a member of Congress from individuals who signed an Americans for Limited Government petition against Rep. Liz Cheney. Photo obtained by Axios

Pro-Trump holdouts in the House are forging ahead with an uphill campaign to oust Rep. Liz Cheney as head of the chamber's Republican caucus even though Minority Leader Kevin McCarthy told them to back down.

Why it matters: What happens next will be a test of McCarthy's party control and the sincerity of his opposition to the movement. Cheney (R-Wyo.) is seen as a potential leadership rival to the California Republican.

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Lachlan Markay
3 hours ago - Politics & Policy

Democrats aim to punish House GOP for Capitol riot

Speaker Nancy Pelosi passes through a newly installed metal detector at the House floor entrance Thursday. Photo: Drew Angerer/Getty Images

House Democrats plan to take advantage of corporate efforts to cut funding for Republicans who opposed certifying the 2020 election results, with a plan to target vulnerable members in the pivotal 2022 midterms for their role in the Jan. 6 violence.

Why it matters: It's unclear whether the Democrats' strategy will manifest itself in ads or earned media in the targeted races or just be a stunt to raise money for themselves. But the Capitol violence will be central to the party's messaging as it seeks to maintain its narrow majorities in Congress.

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