Consumer protection bureau losing its teeth

Source: USA Today Editorial Board

Acting director Mick Mulvaney is turning the financial watchdog into a corporate lapdog.

For nearly seven years since it began, the federal government’s first agency dedicated to protecting consumers fought successfully to prevent rip-offs by credit card and loan issuers, debt collectors, payday lenders and other big financial players. 

Now, in less than three months, Mick Mulvaney, the acting director named by President Trump, is dismantling the Consumer Financial Protection Bureau (CFPB) piece by painful piece. 

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