Title X of Dodd-Frank created the consumer protection finance bureau.
It is an agency independent of the preznut. It is independent of the Congress, and it is even independent of the Federal Reserve.
Only a new Act of Congress can end its mission.
So all this Saturday night bluster — about stopping “all investigative activity. . .” (just as with USAID, last week), will be enjoined in a federal court — next week.
See, 12 USC §§ 5301-5641.
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