April 12, 2018

USA Today: Elizabeth Warren, Mick Mulvaney and the showdown at the CFPB Corral

In a showdown Thursday over the future of the federal government's consumer sheriff, it quickly became obvious who was wearing the black hat.

Mick Mulvaney, the acting director trying to cripple the Consumer Financial Protection Bureau (CFPB) he now leads, would return the country to the bad old days when banks and other financial outlaws scammed consumers who found themselves outgunned and out of luck.

Sen. Elizabeth Warren, D-Mass., who helped create the CFPB, would save the agency from financial black hats and their Republican allies in Congress so it could keep on recovering money for consumers, just as it has to the tune of nearly $12 billion in the past seven years.

Read the full article on the USA Today website here. 

By:  The Editorial Board
Source: USA Today