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Lawsuit Challenging Trump's Pick for Watchdog Agency Dismissed

A federal judge has dismissed a lawsuit over whether U.S. President Donald Trump can appoint his budget director as head of a consumer protection agency founded in the wake of the financial crisis of 2007-08. The Consumer Financial Protection Bureau (CFPB) was created in 2011 by financial reform legislation designed to prevent a recurrence of the subprime mortgage scandal that resulted in untold numbers of home foreclosures in the United States. The banking crisis had worldwide...

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