House Democrats sent a letter Tuesday to President-elect Donald J. Trump, urging him to reject calls by Republicans to fire Richard Cordray, the director of the Consumer Financial Protection Bureau.

The letter, signed by Rep. Maxine Waters, D-Calif. and 20 other Democrats on the House Financial Services Committee, cautioned Trump against "entering into a protracted – and likely unsuccessful – legal battle to oust" Cordray before his term expires in July 2018.

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