The Fight Over the CFPB Reveals the Broken State of American Politics

[ Originally published on this site as post ]

The festering feud at the Consumer Financial Protection Bureau certainly wins points for baroque legal maneuverings: There are two people claiming to be the rightful director, a lawsuit in process, two different federal laws at odds, and at least two plausible readings of the statutes.

The dispute between Leandra English, the deputy director appointed at the last minute by outgoing Director Richard Cordray, and the Trump administration, the vagaries of which my colleague Gillian B. White explains, is not just about who will run the agency, or even merely about different philosophies of consumer protection. The fight over the CFPB is a proxy war between two political parties that each believe that the system is broken but have wildly different prescriptions