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CFPB nominee stonewalls way through Senate hearing

Joe Mont | July 24, 2018

In creating the Consumer Financial Protection Bureau, as mandated by the Dodd-Frank Act, Democrats said they were piecing together an agency that would be decidedly apolitical.

Over the years, however, that “apolitical” Bureau evolved into what is perhaps the most partisan government agency in history. Republicans have been unwavering in their efforts to dismantle and weaken the Bureau, citing its “unconstitutionality” as a reason it should be recast as a committee with congressional oversight and budget authority.

After years of beating back critics, the agency’s defenses fell with the departure of Director Richard Cordray, and the election of President Donald Trump. The former left to run for governor of Ohio. The latter took the opportunity to appoint Mick Mulvaney, who also serves as director of the White House’s Office of Management and Budget, to temporarily serve as acting director. During his tenure, now drawing to a close, Mulvaney did from the inside what so...

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