The article discusses the ambiguous intentions of the Trump White House regarding the Consumer Financial Protection Bureau (CFPB). Sources speculate on possible strategies, including a shock-and-awe tactic to test opposition. There’s talk of a bad cop, good cop dynamic with the firing of employees and the expected nomination of McKernan to reform the agency rather than eliminate it. Additionally, the ongoing discussions suggest that the CFPB’s funding could play a significant role in future political negotiations, reflecting a shift toward practical operational changes over outright closure.
"The truth is, none of the dozen sources HousingWire spoke to for this story really know the Trump White House's intention with the CFPB."
"McKernan definitely seems like someone who you would nominate if you want to reform and operate the CFPB, as opposed to deleting it."
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