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Deputy director lee andra english is requesting a temporary restraining order against mulvaney. english says she's the director following the resignation of the former head. it acts as a watchdog for you, the consumer. it helps protect borrowers from predatory practices. and it was created back in 2011 in the aftermath of the '08 financial crisis. joining me now, brendan greely, contributor to the economist free exchange blog. you said president trump is right here. >> yes, let's start off with the obvious fact that mulvaney brought doughnuts when he showed up at the cfpb yesterday morning. af...

Dodd/frank act, which president trump signed into law in july of 2010. part of the law, title 10, created the consumer financial protection bureau. the bureau has been targeted by republicans since its inception, blaming it and the dodd/frank act as a whole for rising bank fees and a decline in the number of smaller banks and smaller bank lending to local businesses. the bureau, the cfpb, is charged with protecting consumers from predatory practices by banks, credit card companies, student loan and mortgage companies. debt collectors and payday lenders. in 2016, the bureau ordered citi bank to...

Final passage before christmas. that's going to be very tough. there's still a lot of sticking points and complicating matters, ali, the fact the cbo, congressional budget office, came out today with figures that show that the senate's tax plan will add about $1.4 trillion no the deficit. and potentially raise taxes on those making less than $75,000 in a matter of years. essentially hurting the middle class. i asked senator orrin hatch about that. he pushed back and said he thinks those numbers are wrong. he also said he hopes they can get passage by christmas. talk about all of that in just m...

Reading. i want to talk about something else, a fight unfolding this week with you. the president announcing he is naming dig mulvaney, office of management and budget now the acting director of the consumer finance protection bureau t. former named his chief of staff as deputy director as one of the final acts. that was the intention for her to become the interim successor. why is the president trying to intervene? >> well the president in particular wants to eliminate this agency, which has recovered multiples of its annual spending for consumers by investigating in addressing predatory prac...

Welcome back. you may remember president trump recently had to pay $25 million to settle fraud claims against his for profit college trump university. well, the trump approved nominee to lead an office of the department of education responsible for policing colleges for fraudulent practices recently hired somebody who recently worked for a university that was allege to have misled students with fraudulent practices. hope you're following here. devry agreed to a $100 million settlement last year with the federal trade commission for allegedly misleading prospective students with deceptive adver...