This spring, the Trump Administration cut the Consumer Financial Protection Bureau’s staff by about 80 percent, and Congress halved the agency’s budget cap. Last week, Democratic lawmakers urged the D.C. Circuit Court to take up a case challenging the firings, and the Republican Congress has hosted several hearings on CFPB reform.
Whatever the ultimate resolution of this case, onlookers are watching uneasily as polarized chaos in Washington D.C. seems to be reshaping the Bureau. But the Bureau is a failed experiment in one-sided anti-business federal policy.
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