In spite of President Trump’s ostensible Supreme Court victory in asserting his authority over the Consumer Financial Protection Bureau, some of his allies have lamented the missed opportunity to euthanize the hated Elizabeth Warren in independent agency form like that other misbegotten measure of the Dodd-Frank law, the Volcker Rule. And, depending on what should happen in November, they are perhaps right to worry.
But, in the meantime, Kathy Kraninger & co. are, like their colleagues elsewhere, making the most of the time they’ve got left to them, phantasmagorically continuing the transformation a body whose name dedicates it to protecting consumers into one protecting those preying on consumers.