Bloomberg Businessweek

Center For Partisan Bickering

The fight over who leads the consumer watchdog is only the start of Trump’s bid to rein it in

It’s a spectacle that perfectly reflects Donald Trump’s Washington: Two ostensible agency chiefs show up at work for the same job on the same day, one carrying a bag of doughnuts, the other having just filed for an injunction. As the staff wonders who’s in charge, the two keep fighting it out in dueling press events, court hearings, and, of course, Twitter posts. For those familiar with the Consumer Financial Protection Bureau, it was a fittingly partisan episode in what may signal the end of Act 1 for the federal watchdog.

Set up in the aftermath of the financial crisis to police such areas as student loans

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