After the nuclear disaster, it is said that mice and cockroaches are the only survivors.
And perhaps the Consumer Financial Protection Bureau.
The agency, known in the banking world for its DC and its acronyms, was created by Sen. Elizabeth Warren and former President Barack Obama as consumer protection regulators in the aftermath of the 2008 financial crisis.
Since then, it has been a plaguing gang for the Republicans and the banking industry. It is an unnecessary expansion of the government, claiming that banks are incredibly overlapping as they are already overseen by the Fed, SEC, currency secretary, the Department of Justice and the state AGS.
And even a budget of nearly $1 billion is costly.
So, GOP lawmakers plotted almost the end of the CFPB from the moment they were created. During his first term, President Trump called the CFPB a “disaster” and tried to cut its activities. Now, in his second term, he suggests he wants to ultimately place a bet on that mind.
Just a few weeks ago, when asked if he wanted to remove his office, Trump said: He has appointed Finance Conservative Russ Vought as interim director, which appears to be a sign that CFPB days are counted.
Still, CFPB remains undestroyed like the immunoimmunity of radiation.
Trump currently runs the agency by appointing bank regulator Jonathan McCernan. Vought recently said that the CFPB will act as “a more streamlined and efficient station.”
Trump's DOJ said, “The predicate of running a more streamlined and efficient station is that the CFPB continues,” in Vought's plans that he left.
Before and after, Florida's Firebrand conservative Congressman Byron Donald had enough. He introduced a bill that would kill the CFPB completely on Wednesday. Donald usually in sync with Donald, so he asked why Trump is moving in one way for the future of this thing, and Donald asked for another.
People close to Donald say that Vought and DOJ's comments reflect the careful words of White House lawyers as the Trump administration is being sued by the Bureau's union over Doge issues, including layoffs and orders to halt all activities.
In other words, CFPB may not survive.
For some reason, I think I would. Like mice and cockroaches.
