Sen. Tim Scott has called for the removal of CFPB director Rohit Chopra due to concerns over the bureau's enforcement practices. He pointed to the Federal Vacancies Reform Act of 1998, which complicates the appointment of acting leaders in government agencies. Scott highlighted a lack of eligible candidates for the position and proposed examining the CFPB's funding structure. Republicans have regularly criticized the CFPB, and while the Supreme Court has upheld its constitutional validity, efforts to dismantle it continue, indicating ongoing political tensions surrounding the bureau.
Scott emphasized the urgent need for new leadership at the CFPB, attributing delays to the Federal Vacancies Reform Act and ongoing challenges from the current administration.
Sen. Scott indicated that an evaluation of the CFPB's funding and its operational overlaps with other agencies could lead to important budget cuts.
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