President Trump on Saturday defended his decision to appoint an acting director for the Consumer Financial Protection Bureau (CFPB) despite the outgoing head naming a temporary successor, calling the agency a "total disaster" under officials from the Obama administration.
"The Consumer Financial Protection Bureau, or CFPB, has been a total disaster as run by the previous Administrations pick," Trump tweeted. "Financial Institutions have been devastated and unable to properly serve the public.