Mike Lee

Two GOP senators want Trump to remove consumer bureau chief Richard Cordray

Two GOP senators want Trump to remove consumer bureau chief Richard Cordray

Two Republican senators are asking President-elect Donald Trump to quickly remove Richard Cordray, the director of the Consumer Financial Protection Bureau, setting up a potential legal and political showdown over the controversial agency.

"It's time to fire King Richard," said Sen. Ben Sasse (R-Neb.), a member of the Senate Banking Committee and like many Republicans a harsh critic of the agency created by the 2010 Dodd-Frank financial regulatory overhaul.

"Underneath the CFPB's Orwellian acronym is an attack on the American idea that the people who write our laws are accountable to the American people,” Sasse said. “President-elect Trump...

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