CNN Money discusses the president removing the Consumer Financial Protection Bureau’s director with John Berlau.
However, it’s not exactly clear if Trump will have the authority under current law to fire Cordray, whose term doesn’t expire until July 2018. Dodd-Frank’s strict language allows the president to remove the CFPB director only for cause.
“Cordray will probably sue to stay on. Let him sue. It will be an exciting battle,” said John Berlau, a senior fellow at the libertarian Competitive Enterprise Institute, who also wants Trump to remove Cordray.
Read the full article at CNN Money.