The bureau has been roiled by a leadership fight over the past several days. President Donald Trump on Friday named his director of the Office of Management and Budget, Mick Mulvaney, as acting director of the consumer watchdog agency hours after the outgoing director, Richard Cordray, appointed his own successor . Lawyers for Leandra English, whom Cordray named the acting director, has filed a lawsuit seeking to halt the appointment of Mulvaney. "When we wrote the law creating the CFPB, we deliberately tried to give it some protection from the normal process," Frank told CNN's Chris Cuomo on "New Day." The Massachusetts Democrat said that regulating banks is "very sensitive politically" and the architects of the consumer protection agency sought to safeguard the bureau from political interference.

Source: CNN November 27, 2017 15:11 UTC