by Countable | 11.27.17
On Monday, two acting directors showed up at the Consumer Fraud Protection Bureau to…actively direct.
Last Friday, Richard Cordray stepped down as the director of the CFPB and appointed his chief of staff, Leandra English, to temporarily replace him.
A few hours later, President Donald Trump named Mick Mulvaney – the director of the Office of Management and Budget – to the job.
Now, both are pointing to legislative fine print to explain why they’re the legal heir to this regulatory throne.
Here it is explained via a Simpsons reference:
The CFPB was established in 2010, in response to the Great Recession. Created under Dodd-Frank financial reform , the CFPB is an independent watchdog group meant to protect consumers from illegal actions by financial companies like banks, credit cards, payday lenders, mortgage lenders, and debt collectors.
The Office of Legal Counsel at the Department of Justice issued a memo on November 25, stating that President Donald Trump had the authority to name a new acting director at the CFPB under the Federal Vacancies Reform Act.
In response, English filed a lawsuit late Sunday seeking a halt to Mulvaney’s appointment, claiming that she’s the de-facto leader. English argues that Dodd-Frank explicitly states that the director of the CFPB can appoint a deputy director — and that this person runs the agency until the Senate votes to confirm a new CFPB director.
Both Mulvaney and English showed up for work Monday. English sent out an email to the agency’s 1,600 employees, writing, "I hope that everyone had a great Thanksgiving. With Thanksgiving in mind, I wanted to take a moment to share my gratitude to all of you for your service." She ended the email with “Acting Director.”
Mulvaney also sent out an email. But perhaps because he once called the agency a "sick, sad joke" and said he wished it didn’t exist, Mulvaney also brought donuts:
Written by Countable
Abide by the Congressional establishment of this Consumer Protection Agency SPECIFYING that in absence of Director—as is the case now, the Deputy Director assumes role of Acting Director. No Presidential appointment is warranted.
Why is Trump still free to abuse our government institutions and country?????
Trump should nominate and senate pass BEFORE giving the reins over to someone. The acting director of the agency should be in power until the nominee is confirmed. Thus the CFPB runs smoothly and effectively until there is a rightful director. The CFPB is supposed to be independent advocate for the people. Trump has given NO evidence to protecting our interests. On the contrary! Protect our finances!
While the CFPB is supposed to be an independent agency, by the fact it was created by a congressional action, and the senate holds the responsibility of selecting its director, the responsibility of appointing a ‘acting director’ should belong to the president. Yes, the outgoing directors input should be considered, but by no means be the final say. Liberals and never-Trumpers would not have challenged such an appointment by the previous president.
It figures the republicans would want to end something that protects the average citizen. The first thing that jackals mulvanydid was stop payments to wronged veterans and regular people..money grubbing orange haired buffoon supporting republicans
I am so sick of this administration, which I am sure we did not elect! and is trying to pull down everything about this country that makes it great--tolerance, fairness, protection of the well-being of the people, instead of exploitation of them at every turn, the protection of our planet so that it is preserved for future generations instead of plundered for the good of a few wealthy individuals who don't even give a damn about their own grandchildren's lives!, the respect of the world for our upholding of human rights instead of colluding and bootlicking with dictators and mobsters, protecting all that people have worked for all of their lives instead of profiting from the backs of hardworking Americans, welcoming those fleeing from oppression instead of detaining them like hardened criminals for trying to seek a better life for their families. It all makes me sick--the defending of child molesters, sexual abusers, greedy corporations who steal our clean water and poison us with chemicals and fracking, steal our clean air and make it unbreathable so that our children sicken, try to ram their sick, intolerant form of twisted religion down our throats while they act so pure, but are so full of corruption! I'm sick of it all--and the corrupt, colluding, treasonous criminals who are guilty of it all! These self-righteous hypocrites!
Mulvaney is a bad joke. Trump and the GOP are the antithesis of consumer protection. They shouldn't be allowed in the building.
Prevent a total meltdown of our democracy, remove Trump from office! Cut off the head of the snake, and the snake will die soon enough!
Under the Federal Vacancy Act it’s the President who can appoint an interim director until the Senate can confirm a permanent one. The CFPB’s own Office of Legal Counsel has said that Mulvaney in the legitimate acting director. Case closed. The Feds need to arrest the imposter
So far this administration, with the help of an enabling, inept Senate majority, has installed two top advisors in the White House in violation of the law against nepotism, a Secretary of Energy who said the department should be eliminated, a head of the EPA who has sued that agency multiple times for the benefit of the big energy companies and the peril of the environment he is now supposedly protecting, a Secretary of Education who has never attended or supported public education because she had no use for it, a Secretary of State who has bled our diplomatic corp dry, a FCC that is removing 1st Amendment rights from us all in support of big business through the repeal of the net neutrality rules, broken the back of our already failing health insurance system because it was implemented by his predecessor and NOW thinks it has the authority to destroy the CFPB by illegally installing an acting director who has no use for the organization. Sounds like our democratic republic is working as expected -- for the 1%. Too bad the remaining 99% who choose to remain in a country headed toward totalitarianism cannot even rely on our elected officials to protect us. Just another day at the office for this corrupt Administration and the group of soulless and devoid of conscience elected officials who each day come to work and violate their oath of office to uphold the Constitution and the laws crafted and passed by that very same institution.
I believe that no person or entity shall take a position, in which it would create an oxymoron situation. Mulvaney already stayed the agency should not exist, amongst many other degrading things. This deplorable being should not be allowed to be qualified to be director for this and for the mere fact, that it may be possible that the President does not have the power to appoint this position, as well as it may also be a conflict of interest. Basically, this Mulvaney character is not qualified for the position on many levels and fronts.
The "director" of all this new "Ministry of Truth" styled legislation needs to be stopped! The goal is to LEARN FROM HISTORY, NOT REWRITE IT. If we keeping rewriting reality, we cannot grow as a society. Yes, we made mistakes, it is recorded in our national heritage. Yes, there is still much to learn from the past. HOWEVER, IT IS DEFINITELY MORE DIFFICULT to learn from a history that has been erased from REALITY. The results are definitely a form of consumer fraud!