WASHINGTON, D.C. — House Financial Services Committee Chairman Jeb Hensarling (R-TX) was interviewed on Tuesday and Wednesday about the change in leadership at the Consumer Financial Protection Bureau (CFPB).
The interviews began with a focus on the controversy over who is running the CFPB.
As Daily Business News readers know, on his way out the door, Richard Cordray ‘appointed’ his deputy, Leandra English, to run the agency.
President Trump meanwhile tapped White House budget director Mick Mulvaney as the interim agency head.
House Financial Services Committee Chairman Hensarling sees that legal controversy, which is likely to end up favoring the Trump Administration, differently than others do.
“This is a last, desperate gasp of the previous director who came in under a legal cloud and he will go out under a legal cloud. This is a waste of time. But the problem is not so much who is running the CFPB,” said Hensarling.
“The problem is the CFPB…This is an agency that absolutely has to be reformed,” Hensarling statement to MHProNews said.
Its the latest in what Senator Ron Johnson from Wisconsin called, “Sabotage,” part of the resistance to the Trump agenda.
But in spite of that “sabotage,” Bloomberg’s recent report reflects overall satisfaction by Trump voters, one year after the election.
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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.