Thursday, April 12, 2018

Face-Off: Elizabeth Warren Vs. Trump's Consumer Watchdog,

NPR reports:
An epic throw-down is underway on Capitol Hill over the role of the federal government. The topic: the Consumer Financial Protection Bureau, the agency created in the wake of the 2008 financial crisis.

On one side is the Trump administration's acting director, Mick Mulvaney, who believes the bureau's powers are excessive and unchecked. On the other is Sen. Elizabeth Warren, D-Mass., who led the creation of the bureau to protect consumers from abuses by banks.

Mulvaney, Trump's appointee, calls the bureau Warren's "baby." But Democrats say that over the past five months, he has done a terrible job of taking care of it.

Back when he was a Republican congressman, Mulvaney sponsored legislation to abolish the bureau and called it a "sick, sad" joke.

Mulvaney is facing off against Warren on Thursday at the Senate Banking Committee, part of his mandated semiannual report to Congress on the activities of the CFPB.
Imagine that.