Mick Mulvaney won't completely destroy the CFPB. He'll just rip its teeth out.

On Monday morning, staff at the Consumer Financial Protection Bureau found themselves working under two warring directors. On one side was the agency's deputy director Leandra English, and on the other was President Trump's pick: his own budget director, Mick Mulvaney. Yesterday, a U.S. District Court judge ruled in favor of the Trump administration, all but solidifying Mulvaney's appointment. Despite the confusion, on the economic policy merits, things are a lot more clear cut: Mulvaney...