Elizabeth Warren wanted ‘blood and teeth left on the floor’ in CFPB fight. Now the battle moves to the U.S. Supreme Court. – The Washington Post
Justices will hear arguments Tuesday about the constitutionality of the watchdog bureau.
For weeks after President Trump’s inauguration in 2017, Richard Cordray waited to be fired.
The then-director of the Consumer Financial Protection Bureau had long been a target of Republicans frustrated by the power wielded by the new agency — a brainchild of Sen. Elizabeth Warren (D-Mass.) — including the limits on the president’s ability to fire him.
The possibility that Trump would test those constraints and immediately move to fire Cordray “loomed over everything,” according to Cordray’s book “Watchdog,” which will be published Monday.
Cordray says he hired an attorney and prepared for a fight to keep his job. But instead of a dismissal notice, he received an invitation from Gary Cohn, who was head of the National Economic Council and a former Goldman Sachs executive, to meet for dinner at Trump’s new D.C. hotel. Cohn had been tasked with deciding his fate but didn’t want a big fight, Cohn told him. They settled on a temporary truce that left Cordray in place for nearly a year.