Debate over firing U.S. consumer watchdog director intensifies

Consumer Financial Protection Bureau Director Cordray speaks in Washington(The Jan. 10 story corrects Sasse's state to Nebraska in the seventh paragraph) By Lisa Lambert WASHINGTON (Reuters) – The debate over whether President-elect Donald Trump should fire the head of a U.S. consumer watchdog after taking office came to a boil on Tuesday, with congressional lawmakers sending off strong letters that dug into constitutional law. Republican senators pushing Trump to fire the director of the Consumer Financial Protection Bureau, Richard Cordray, portrayed the agency as overreaching its authority. The bureau, created in the 2010 Dodd-Frank Wall Street reform law, was originally proposed by Senator Elizabeth Warren, a Democrat from Massachusetts, to guard individuals against lending fraud.

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