You will hear a lot in the media about how the CFPB was a brave advocate for the little guy under Cordray. It was never that. It was a sop for trial lawyers that made life miserable for businesses – with no benefits whatsoever accruing to consumers.
Democrats rage at CFPB director Mick Mulvaney: Why aren’t you harassing businesses?
This is a very hard thing for Democrats to understand. In their world, business is the enemy, and once you get your hands on political power, one of the first things you use it for is to harass and threaten every business you can. Not only does it make life miserable for those Democrats hate, but it also provides money-making opportunities for Democrats’ favorite friends the trial lawyers and labor unions.