WASHINGTON (Reuters) - The fight for control of the U.S. consumer watchdog agency intensified on Monday as Mick Mulvaney, President Donald Trump’s pick to run the Consumer Financial Protection Bureau (CFPB), imposed a hiring freeze and halted any new regulations. The conflict began on Friday when Richard Cordray, a Democrat appointed CFPB director by then-President Barack Obama, formally resigned and named English, his chief of staff, as acting director. Hours later, Trump named Mulvaney, the current director of the White House budget office, as temporary head of the CFPB. English told reporters that “Mulvaney has no authority” at the agency. Schumer said Mulvaney was chosen by the Trump administration simply to “rock the agency from the inside.”

Source: Huffington Post November 28, 2017 00:56 UTC