The CFPB was Elizabeth Warren’s brainchild and apparently she thought Obama would make her the first director (this was before she won the Senate seat). The law setting up the agency was intended to ensure that it would always have a Democrat running it—who would be able to staff it entirely with Democrats.
From getting funding from the Federal Reserve Bank, not Congress, to an explicit set of rules that make this board unaccountable to anyone, are reasons why the DC District Court has already ruled the agency illegally constructed.
Add in that NO conservatives or republicans were allowed to work there and that the fines were designed to go to liberal front groups, well, this agency needs to be audited and shut down.