COLUMBUS, Ohio (AP) - President Donald Trump's accusation that a federal watchdog has devastated the financial industry is unsupported by the evidence that banks like best: profits.

Trump's weekend tweet was aimed against the Consumer Financial Protection Bureau, little known by most people until it became the center of a struggle over who's in charge - a Trump-named acting director or a deputy who was given the same title by a departing chief from the Obama era.

TRUMP's tweet: "The Consumer Financial Protection Bureau, or CFPB, has been a total disaster as run by the previous Administrations pick. Financial Institutions have been devastated and unable to properly serve the public. We will bring it back to life!"