She pushed back against the suggestion that the consumer bureau rule relied upon bad data and said killing it would hurt minorities. Republicans and Democrats have long been at odds over the mandate of the Consumer Financial Protection Bureau, which was created from the 2010 Dodd-Frank Act. Since then, Mr. Mulvaney has worked hard to scale back its ambitions and freeze much of its enforcement activities. House Republicans, who had been pushing for a more expansive financial overhaul bill that would eliminate the Consumer Financial Protection Bureau and make other sweeping changes, appear ready to accept the more limited Senate bill that passed this year. Representative Paul D. Ryan, Republican of Wisconsin and the House speaker, said on Tuesday that he had reached an agreement with the Senate majority leader, Mitch McConnell, to move forward with a vote on the Dodd-Frank bill in the House.

Source: New York Times May 08, 2018 22:52 UTC