mulvaney often criticizes the agency he is running saying it is crippling the market. republicans call this a renegade regulator that handcuffs banks and hurts everyday citizens, but it has created rules to shield from critters. u.s. banks are hauling in record profits. 1.$1.73 billion profits in the last year. another criticism, bank regulation stifles lending. that amount nearly doubled what banks had on the books in 2011 when the agency opened. analyst blame uncertainty over