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Episode 832: Mulvaney Vs The CFPB

Joshua Roberts
/
Reuters

The Consumer Financial Protection Bureau, the CFPB, was introduced in the wake of the financial crisis to protect consumers from banks and lenders. It has become a kind of Rorschach test for how you view the role of government and regulation. Democrats tend to love the CFPB. And Republicans... not so much.

One Republican Congressman, Mick Mulvaney, hated the agency so much, he sponsored a bill to get rid of it

completely. The bill failed, but when Donald Trump was elected president, he named Mulvaney as Director of the CFPB.

Today on the show: we follow the story of what happens when you put the person who tried to close an agency, in charge of that agency.

Music: "Pixels" and "All in All."

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Copyright 2021 NPR. To see more, visit https://www.npr.org.

NPR correspondent Chris Arnold is based in Boston. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered, and Weekend Edition. He joined NPR in 1996 and was based in San Francisco before moving to Boston in 2001.
Robert Smith is a host for NPR's Planet Money where he tells stories about how the global economy is affecting our lives.