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June 21, 2017

WSJ Editorial – “Many Reasons to Axe The Consumer Financial Bureau Chief”

Last week, the U.S. Treasury Department issued a report that “enumerates a litany of ways in which Mr. Cordray has flouted the law” as director of the Consumer Financial Protection Bureau (CFPB), and makes “an excellent case for [Cordray’s] dismissal,” writes the Wall Street Journal editorial board.

In the report, the Treasury provided several recommendations including making the CFPB subject to congressional appropriations, but the editorial board notes that “implementing Treasury’s reforms as well as attendant rule-makings could take more than a year.”

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