President Donald Trump has has appointed his own budget director, Mick Mulvaney, to head the Consumer Financial Protection Bureau. This after Richard Cordray stepped down as its chief. While a member of Congress, Mulvaney told a House hearing: "I don't like the fact that CFPB exists, I will be perfectly honest with you."
The move is considered my many to be a clear sign that Trump views postcrisis consumer protections as superfluous.