The power struggle raging Monday at the top of a key consumer protection agency underscores US President Donald Trump's efforts to rein in financial regulation.
Two senior government officials claim to be rightfully in charge of the Consumer Financial Protection Bureau -- a Trump appointee and the agency's new deputy director -- and the politically charged case was poised toRead more
The head of a US agency established to protect banking consumers after the financial crisis announced his resignation Wednesday, clearing the path for another pro-business appointment by President Donald Trump.
Richard Cordray, who was the first chief of the Consumer Financial Protection Bureau and an appointee of President Barack Obama, plans to leave the agency by the end of the month,Read more