Dennis Shaul makes it abundantly clear that the Consumer Financial Protection Bureau is primarily an unaccountable, overstaffed, overpaid bureaucracy undertaking procedures duplicative of other financial regulators, politically biased and funded in a way to avoid congressional oversight (“What Went Wrong With the CFPB,” op-ed, Nov. 20). So why is the Trump administration going to appoint a new director to the CFPB, an agency the Republicans never wanted and that was created after the financial crisis when President Obama and...

Source: Wall Street Journal November 26, 2017 20:37 UTC