Reuters: Senator Warren hits out at 'effort to politicize' U.S. consumer agency
Democratic Senator Elizabeth Warren is taking aim at budget chief Mick Mulvaney's plan to fill the ranks of the U.S. consumer financial watchdog with political allies, according to letters seen by Reuters, the latest salvo in a broader battle over who should run the bureau.
President Donald Trump last month appointed Mulvaney as acting director of the Consumer Financial Protection Bureau (CFPB), though the decision is being legally challenged by the agency's deputy director, Leandra English, who says she is the rightful interim head.
"Your naked effort to politicize the consumer agency runs counter to the agencys mission to be an independent voice for consumers with the power to stand up to Wall Street banks," Warren, who helped create the CFPB, wrote to Mulvaney.
Read more on the CNBC website here.
Next Article Previous Article