Trump wins the first round in court. The public is likely to be the loser: Our view [View all]
When two competing “acting directors” showed up for work this week to lead the federal government’s Consumer Financial Protection Bureau (CFPB) — one an Obama administration holdover, the other named by President Trump — it was not only a bizarre moment but proof of how desperately Republicans want to defang the aggressive agency.
The CFPB, created in 2010, is the first federal agency to focus on protecting people from the excesses and scams of banks, credit card and mortgage issuers, debt collectors and other financial players.
GOP lawmakers — and their generous campaign donors from the financial industry — have been cringing since the bureau's inception at every bold move the agency made under director Richard Cordray, who resigned last week.
https://www.usatoday.com/story/opinion/2017/11/28/showdown-consumer-financial-protection-bureau-editorials-debates/902611001/?utm_source=feedblitz&utm_medium=FeedBlitzRss&utm_campaign=usatoday-newstopstories
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