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Directors duel over control of U.S. consumer protection agency
Reuters: WASHINGTON (Reuters) - Mick Mulvaney brought a sweetener to the Trump administration’s takeover of the consumer watchdog agency on Monday, offering doughnuts as he challenged the Obama-era acting appointee in a partisan showdown over how to regulate the U.S. financial system.
President Donald Trump named Mulvaney, the White House budget chief, acting director of the Consumer Financial Protection Bureau (CFPB) on Friday. But Mulvaney, who tried to dismantle the agency when he was a congressman, faced a challenge from Leandra English, who had been named temporary leader of the CFPB by outgoing Director Richard Cordray.
Mulvaney and English both issued statements on Monday morning indicating they were in charge of the 1,600-employee CFPB.
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