Dodd-Frank Authors Join Warren, Waters to Fight CFPB Firings (2)

The executive branch can’t unilaterally dismantle the Consumer Financial Protection Bureau or make the agency incapable of carrying out its statutory functions because that power belongs exclusively to Congress, more than 230 current and former Democratic lawmakers said.

High-ranking Democrats including Sen. Elizabeth Warren (D-Mass.) and Rep. Maxine Waters (D-Calif.) , as well as former lawmakers such as Sen. Chris Dodd (D-Conn.) and Rep. Barney Frank (D-Mass.), called out the Trump administration’s attempt to gut the CFPB in an amicus brief Friday, voicing support for the National Treasury Employees Union and co-plaintiffs in their legal challenge to mass layoffs at ...