President Trump promised changes in Washington upon his election. Whether you are a Trump fan or foe, there's no question he's succeeded in that goal. Sometimes the change is precipitated by the President's choice to lead an agency, as in the case of the Consumer Financial Protection Bureau (CFPB).
The CFPB was born out of the Dodd-Frank legislation in 2010 as a vehicle to both regulate banks after the Great Recession and protect consumers from harmful and predatory financial practices. The CFPB was intentionally structured to be independent of political forces. Its money comes from the Federal Reserve, not Congress. The agency director is appointed by the President to a five-year term and can only be fired by the President for "inefficiency, neglect of duty, or...
from MoneyTips https://www.moneytips.com/consumer-financial-protection-bureaus-latest-credit-card-report/178
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