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U.S. Consumer Watchdog Official Is Suing to Block Trump’s Pick From Leading the Agency

November 27, 2017

Via: Fortune
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A senior U.S. Consumer Financial Protection Bureau official filed suit late on Sunday trying to prevent President Donald Trump from naming an acting head of the watchdog agency, but its top lawyer concluded Trump had the power to do so.

The moves were the latest dramatic developments in the fight over leadership succession of an agency created in 2011 under Democratic former President Barack Obama to protect consumers from predatory lending practices. Republicans in the White House and Congress have tried to weaken the agency.

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