November 28th, 201799552Controversy at the Consumer Financial Protection Bureau has dominated the news cycle recently.
The drama began during Thanksgiving break, when CFPB director Richard Cordray left the agency. He appointed Leandra English to act as his deputy director and to take over in his absence. At the same time, President Donald Trump tapped Mick Mulvaney, the current director of the Office of Management and business.
The Monday after the holiday, both English and Mulvaney showed up to work as the new boss of the CFPB – and began vying for legitimacy.
But what is the CFPB? And why should the average American consumer care who leads...