Mr. Cordray named Ms. English as his acting deputy director and presumed acting director. Mr. Mulvaney, for his part, dodged questions from consumer finance advocates as he carried in breakfast for at least a few employees on the 1,600-person payroll. Established under the 2010 Dodd-Frank Act and adopting an aggressive agenda under the Obama administration, the Consumer Financial Protection Bureau targets financial companies for practices that it considers unfair or abusive. On Saturday, Mr. Trump publicly offered his thoughts on the agency’s performance. “The Consumer Financial Protection Bureau, or CFPB, has been a total disaster as run by the previous Administrations pick,” he wrote on Twitter.

Source: New York Times November 27, 2017 16:27 UTC