Richard Cordray, head of the Consumer Finance Protection Bureau, was interrogated on Capitol Hill by Republicans who want to shut his agency down. The agency was set up under Obama. Originally, it was to be run by Elizabeth Warren, but she received such violent resistance that she stepped aside, making way for Cordray, and then ran for the Senate, where she has been a burr under the GOP saddle ever. They might have been better off, by their own thinking, to leave her alone, but thinking long term doesn’t seem to be their chief strength.
You might ask why the CFPB is the target of so much bile.…