Differing views: The Wall Street Journal's editorial page had some strong words about the Consumer Financial Protection Bureau, the "rogue" bureau "which has abused the law and whose structure was recently found unconstitutional. By all rights the bureau should be killed," it says, and "Mr. Trump should dismiss [Director Richard] Cordray on his first day as President." "Reform options short of a death sentence could at least restrain some of the bureau's abuses," it adds, if the GOP isn't successful in killing the agency.
Not surprisingly, the New York Times has a completely different view of the matter. Under the headline, "Will Guys With Guns Replace the Agency Elizabeth Warren Created?" the Times opines that if the Dodd-Frank law is repealed and the CFPB is disbanded, "one of the few recourses that honest debt buyers will have, to protect themselves and their businesses, will be to hire a savvy fixer like Brandon Wilson," one of the "guys with guns" in the headline. If the CFPB goes away, "There'll be less intrusion from the government, more lending, and more defaults — which creates more business for collectors," Wilson told the Times. "We're back in business."