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You Say “BCFP,” I Say “CFPB”

According to Politico, Kathy Kraninger, the new director of the Consumer Financial Protection Bureau (CFPB), is reversing the name change that her predecessor, Mick Mulvaney, tried to impose on the agency. 

Mulvaney, who was installed by President Trump as acting director in November 2017, had maintained he was only following the statute in insisting that the agency be called the Bureau of Consumer Financial Protection (BCFP). He also re-arranged the letters in the lobby of the agency’s office building. 

Kraninger said that for reports, legal filings and other official business, the agency will use Mulvaney’s preferred name (BCFP). CFPB will be used on all other materials. 

Brings back memories of the old song -- “You Say ‘Tomato,’ I Say ‘Tomato.’”

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