Washington, D.C. is a town of tall-tales, and there is no tale taller than the Democratic Party’s insistence that the Consumer Financial Protection Bureau has lost its “independence” now that Acting Director Mick Mulvaney is in charge, returning a once lawless agency back to the core mission of protecting consumers.

In a letter to President Donald Trump at the end of last year, forty-four Democrat Senators, including Senators Schumer, Dick Durbin, Kamala Harris, and of course Elizabeth Warren said the appointment of Mick Mulvaney as the acting-director “…jeopardizes the agency’s independence and effectiveness.” The Los Angeles Times editorial board even called President Trump’s efforts to rein in an unaccountable CFPB a “sick, sad joke”.