Financial deregulation already in progress

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Thanks to the work of the Consumer Financial Protection Bureau (CFPB), Shirley Banks of Greenville, Miss. received a $1,000 check in the mail in 2016. Hundreds of thousands of other people got help from the CFPB, too. But today’s leadership of this vital agency is demonstrating how government can abandon the goals Congress set out for it, and betray the people it should protect. Kathleen Kraninger, who has helmed CFPB for a scant four months, is unfortunately already making a name for herself as someone willing to let the bad guys off the hook. She is a protégé of Mick Mulvaney, who spent much of 2018 doing his best to lay waste to the CFPB’s work and structure as its acting director.

CFPB chief must pick a side: Consumers or scammers | TheHill