As a result of its unique structure, the Consumer Financial Protection Bureau (CFPB) is insulated from accountability by the democratically elected branches of government. While there are efforts underway to fix this, they have so far been frustrated.
Now the Trump Administration is taking another swing—this time through its proposed budget. Whether this effort will fare better than the others remains to be seen, but there is not much reason for optimism, writes the Mercatus Center’s Brian Knight.
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