The director of the Consumer Financial Protection Bureau (CFPB), Mick Mulvaney, is expected to ask Congress to restructure the agency, according to reports.  

Meanwhile, the federal government wants to make drastic changes to weaken the agency’s independence. The CFPB is responsible for consumer protection in the financial sector.

Guest:

Yuka Hayashi, reporter who covers financial regulations for the Wall Street Journal; she tweets @tokyowoods