Trump Strips Consumer Watchdog of Enforcement Powers

“The Trump administration has stripped enforcement powers away from Consumer Financial Protection Bureau office that specializes in pursuing cases against financial firms for breaking discrimination laws,” the Washington Post reports.

“The move comes about two months after President Trump installed his budget chief Mick Mulvaney at the head of an agency that has long been in the cross-hairs of Republicans. The Office of Fair Lending and Equal Opportunity had imposed penalties on lenders that it said had systematically imposed higher interest rates on minorities than whites.”