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President Trump Wins Initial Round In Battle Over Control of CFPB

by Countable | 11.29.17

What’s the story?

After an initial flurry of excitement following the departure of Richard Cordray last Friday as Director of the Consumer Financial Protection Bureau (CFPB) over who would get to appoint an interim director, the court has sided with President Trump, reports the New York Times.

The deputy director appointed by Cordray hours before his departure, Leandra English, has vowed to continue fighting the decision in the courts.

Why does it matter?

The CFPB was set up via the Dodd-Frank Act following the Great Recession, as an independent agency tasked with protecting consumers from predation by the financial industry. According to Democrats, it has been enormously successful, winning millions of dollars back for consumers.

Republicans have historically been hostile to the agency, arguing that the agency regularly engages in federal overreach and is hurting the financial sector.

When Cordray left on Friday he appointed Deputy Director Leandra English to head the CFPB until a new director could be nominated and confirmed. Cordray, English, and various Democratic lawmakers maintain that the Dodd-Frank Act specifically empowered the director to appoint a successor.

President Trump, at the same time, appointed current head of the Office of Management and Budget (OMB) Mick Mulvaney to the position of interim director, according to the his rights under the Federal Vacancies Reform Act.

Sunday English filed a court case requesting a temporary restraining order to prevent Mulvaney from assuming the position. Now, a federal district court judge has ruled in the administration’s favor, allowing the president to install Mulvaney while the nomination and confirmation process proceeds. Mulvaney will also continue as head of the OMB.

Ms. English’s lawyers are weighing options to continue the legal fight.

What do you think?

Should Ms. English continue to fight to fulfill the duties the former director assigned to her? Will Mulvaney rein in the CFPB, and is that a good thing?

Tell us in the comments what you think, then use the Take Action button to tell your reps!

— Asha Sanaker

(Photo Credit: Gage Skidmore via Flickr / Creative Commons)*

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(42)
  • Donna
    11/29/2017
    ···

    This is just another example of putting the fox in charge of the hen house. He can join Pai, Pruitt, DeVos, Sessions, Mnuchin, Tillerson and Zinke in completely destroying our public institutions. The CFPB was created to protect consumers from the Wall Street corruption that lead to the '07 recession that cost many Americans everything they had. Mulvaney declared on Monday he was not interested in destroying or dismantling this agency, despite historical evidence to the contrary. This is the same individual who has touted the GOP tax scam as a good thing for middle-class Americans. He is completely lying about the tax scam and is even less credible on this claim. Wall Street and 1%ers win again.

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  • Sherri
    11/29/2017
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    This is just another “screw you” to the people of this country. Mulvaney will not protect consumers, he will side with big business.Who’s going to protect us from the Republican Nazi Party?

    Like (14)
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  • Amalia
    11/29/2017
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    Leandra English should continue her fight as head of the Consumer Financial Protection Bureau.

    Like (13)
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  • Liberalgrandma
    11/29/2017
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    I am sick at heart with the direction of our government. We are losing all the protections for the citizens in the favor of big money. I don't know how much more I can stand. I hope that by getting involved at the local level I can at least make a difference as I don't see my voice being heard or acknowledged at the federal level.

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  • Robert
    11/29/2017
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    These are the people who went after Trump University and made Donald Trump pay $25 million to victims. Doesn’t seem like he’s looking for a little payback???

    Like (11)
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  • Countryfirst
    11/29/2017
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    Yet another example if this white house not following congressional law..it was voted on that the next in line would take over and NOT someone chosen by the moron in chief..can you say DICTATORSHIP? We're coming very close to living with a dictatorship..wake up and give your elected officials HELL!!!

    Like (9)
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  • Jesse
    11/29/2017
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    This guy will make things worse

    Like (8)
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  • Dave
    11/29/2017
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    The CFPB is filled by the acting director English until someone is confirmed and vetted, not just appointed by a dictatorship.

    Like (7)
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  • Karan
    11/29/2017
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    This was a coup plain and simple. I’m glad the Judiciary put it down.

    Like (5)
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  • Mindful
    11/30/2017
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    Ms English-Acting Director by virtue of her own agencies policy, should remain...come hell or high water! Don’t you agree?

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  • Clara
    11/29/2017
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    This is unacceptable! Trump gets to do whatever he wants and no one stands up to him!!! Please impeach immediately! He is embarrassing America!! Racist pig!!

    Like (4)
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  • Christopher
    11/29/2017
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    This is a political move by the White House to circumvent the Senate review of this appointment, which should receive the fullest of committee background reviews given its impact upon the public. We should be troubled by this appointment given this persons failure to relinquish his current duties with the administration before assuming this position.

    Like (4)
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  • KansasTamale
    11/30/2017
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    Ms. English Should & Must continue to fight to fulfill the duties she was given by the former director assigned to her. That is the rule. Why this court judged against Mrs English is can only be because the judge is a friend of Trump & a Republican who dies NOT LIKE THIS DEPARTMENT. Mulvaney WILL RUIN THE CFPB DEPARTMENT THAT WAS SET UP TO PROTECT CONSUMERS. Why do the Republicans not take care of their constituents ?? Their forebearers in the, and is that a good thing? Republican Party would NOT RECOGNIZE this rag tag bunch of mean spirited, hard hearted sudoRepublicsns. Mulvaney should NOT be in that office. - he will destroy it.

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  • Marylynn
    11/29/2017
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    This person is a talking mouth piece for the Liar in Chief.

    Like (4)
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  • Chuck
    11/29/2017
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    And consumers lose...

    Like (4)
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  • Rebecca
    11/29/2017
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    We must stop Trump from appointing Mulvaney to head the CFPB. There is a process for appointing people, and that process involves opening appointees up to scrutiny by elected representatives, the press, and the public. Remember Trump’s first pick for Secretary of Labor? That guy didn’t get the job because public scrutiny exposed how unfit he was for the job. If Trump wants to NOMINATE Mulvaney to lead the CFPB, that’s fine. But don’t allow him to slip people into roles in government free of the process. That’s what dictators do.

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  • Shari
    11/30/2017
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    This is just another takeover by an ill suited person who is only interested in destroying the CPFB and taking any power away from the consumer. Congratulations to the GOP for destroying our country and corrupting the constitution.

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  • Phillip
    11/29/2017
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    This is like putting a fossil fuel hack in charge of the EPA. All the hard won safety valves that were installed after the last GOP recession will be removed so it can happen again. I really am surprised this clown bought off on the tax plan scam which will destroy the deficit for generations.

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  • Scott
    11/29/2017
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    You are supposed to help and support citizens not place us all in harms way. Vote the right way for people and not party and your pockets.

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  • Lori
    11/30/2017
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    This agency was set up to explicitly NOT fall under the vacancy act FOR THIS VERY SITUATION where the agency (CFPB) becomes a political pawn. Follow the law!!! Vote in 2018 to stop this madness.

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