It literally has. The Republicans have been trying to shut it down for years because they couldn’t corrupt it as easily. That it’s becoming toothless now only through extreme measures isn’t a flaw in the structure. Everything solidly in the executive is either as bad or worse. And this after being one of the most effective pro little guy organizations in government, including through the first Trump administration.

The CFPB is one of the few unmitigated Democratic successes in recent memory.