Two Republican senators are calling on President-elect Donald J. Trump to quickly tell the director of the Consumer Financial Protection Bureau ‘you’re fired’ after taking the oath of office.

A letter has been presented by the GOP lawmakers to Vice President-elect Mike Pence requesting that Trump remove CFPB Director Richard Cordray "promptly after his inauguration."

The senators say such a move would be possible due to an October federal appeals court ruling that the bureau’s structure is unconstitutional because it gives the director too much power.


Source: Mortgage Daily