In Slate. Excerpt:
But what is most upsetting is that this is all blatantly illegal. The CFPB was created by Congress in the Dodd-Frank Act, which was passed in the immediate aftermath of the 2008 financial crisis—the worst economic crash since the Great Depression. Congress enacted the Dodd-Frank Act to carry out the mandate of the American people to ensure that such a catastrophe never happened again. By starving the CFPB until it becomes a skeleton that can no longer carry out its mandatory duties under the law, Trump, his appointees, and their billionaire cronies are violating the law, subverting the will of Congress, and undermining the mandate of the American people.
