Can the Trump administration reform or dismantle the CFPB without congressional action?⁠ ⁠

7 months ago
10

House Financial Services Committee member @RepLoudermilk weighs in: "He can because there were very vague definitions that went into setting it up. ... We can better define their operation. ... We also need to restructure how they are appropriated. Right now, it's funded arbitrarily through the Treasury Department, and there is no oversight whatsoever by Congress."⁠

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