White House consulted Justice Department before naming CFPB critic to lead Obama created un-accountable agency

[Leroy N. Soetoro]

https://www.washingtonpost.com/news/business/wp/2017/11/25/white-house-
consulted-justice-department-before-naming-cfpb-critic-to-lead-
agency/?utm_term=.1d1f54281cd1

The White House appeared headed to a showdown Monday on who will be the
next leader of the Consumer Financial Protection Bureau, a dispute that is
likely to land in court.

Leadership of the agency was thrown into doubt on an otherwise slow
holiday weekend after President Trump and the CFPB’s outgoing head both
named acting directors to head the watchdog agency. Trump named Mulvaney,
a long-time critic of the agency, while Richard Cordray promoted his chief
of staff, Leandra English, to deputy director and said she would become
acting director.

The White House has not spoken to English but expects her to show up to
work Monday — as deputy director, said administration officials, who spoke
on the condition of anonymity to discuss internal deliberations. Mulvaney
is working on a transition plan and will serve as the CFPB’s acting
director until the Senate confirm a permanent replacement, they said. At
the same time, he would remain as budget director.

“We think the clear legal authority is that the president does have this
authority. We’ll find out based on how Ms. English decides to act at the
appropriate time,” one official said.

In a brief interview Saturday, Cordray disagreed. “The law authorized me
to appoint a deputy director, and I did so. My understanding of the law is
that the deputy director serves as the acting director upon my
resignation. If there are disagreements about these issues, the
appropriate place to settle them would be in the courts,” he said.

Both sides claim the power to name Cordray’s interim replacement by
quoting the fine print in different federal rules. On Saturday, senior
administration officials said the White House’s position was supported by
the Justice Department’s Office of Legal Counsel. The office is preparing
to publish a written opinion supporting the appointment soon, but has
already confirmed verbally and through email that it complies with the
law, the officials said.

“We have gone out of our way to avoid an unnecessary legal battle with Mr.
Cordray,” a senior administration official said. “His actions clearly
indicate that he is trying to provoke one.”

But the OLC letter is not likely to end the tug-of-war over the leadership
of an agency created in the wake of the financial crisis that has long
been criticized by Republicans. Democrats and consumer advocates say
Mulvaney’s appointment is illegal and are calling on the Trump
administration to allow English to serve until a permanent replacement is
confirmed by the Senate.

Trump “can nominate the next @CFPB Director – but until that nominee is
confirmed by the Senate, Leandra English is the Acting Director under the
Dodd-Frank Act,” Sen. Elizabeth Warren (D-Mass.), who helped establish the
bureau and is one of its biggest supporters, said on Twitter.

The battle, should it wind up in court, could frustrate the Trump
administration’s efforts to roll back financial regulations. While Trump
has installed new leadership at the top of several other regulatory
agencies, many of which have already taken a more business-friendly tone,
the CFPB has continued to aggressively push rules that irked Wall Street.
The agency has broad powers to regulate financial firms, from banks,
credit card companies to payday lenders, and impose fines for wrongdoing.

Installing Mulvaney, even on a temporary basis, to lead the agency would
quickly change its course. As a Republican congressman, Mulvaney called
the CFPB a “joke .?.?. in a sick, sad way” and said it should be
dissolved. Mulvaney’s experience running a large agency and time serving
on the House Financial Services Committee qualified him for job,
administration officials said.

Mulvaney’s appointment has already set off a wave of protest from consumer
advocates who fear the former Republican House lawmaker would dismantle
the agency. Lauren Saunders, associate director of the National Consumer
Law Center, compared Mulvaney’s potential leadership of the agency to
installing a “wrecking ball.”

“It is no joke to ordinary families to attempt to defang the one agency in
Washington with the tools and independence to take on the Wall Street
banks, giant credit reporting agencies, and predatory lenders that abuse
the American public,” she said in a statement.

The fight over the agency’s future began Friday when Cordray announced
that he was stepping down at midnight, a week earlier than expected, and
promoted English to deputy director. In a letter announcing his decision,
Cordray cited a section of 2010’s Dodd-Frank Act that states a deputy
director will “serve as acting director in the absence or unavailability
of the director.”

In addition to serving as CFPB’s chief of staff, English has been the
agency’s deputy chief operating officer, the principal deputy chief of
staff at the Office of Personnel Management, chief of staff and senior
adviser to the deputy director for management at the Office of Management
and Budget. Her appointment will “ensure a smooth transition and
operational stability at the agency,” Rep. Maxine Waters (Calif.), the
ranking Democrat on the Financial Services Committee, said in a statement.

The move was seen as a maneuver to delay a Trump administration takeover
of the agency and a few hours later the White House named Mulvaney acting
director. The president’s authority under the Federal Vacancies Reform Act
supersedes the language in the Dodd-Frank legislation, administration
officials said. Mulvaney’s appointment was “routine,” they said.

https://www.washingtonpost.com/news/business/wp/2017/11/25/white-house-
consulted-justice-department-before-naming-cfpb-critic-to-lead-
agency/?utm_term=.1d1f54281cd1


--
Donald J. Trump, 304 electoral votes to 227, defeated compulsive liar in
denial Hillary Rodham Clinton on December 19th, 2016. The clown car
parade of the democrat party has run out of gas.

Congratulations President Trump. Thank you for ending the disaster of the
Obama presidency.

Under Barack Obama's leadership, the United States of America became the
The World According To Garp.

ObamaCare is a total 100% failure and no lie that can be put forth by its
supporters can dispute that.

Obama jobs, the result of ObamaCare. 12-15 working hours a week at minimum
wage, no benefits and the primary revenue stream for ObamaCare. It can't
be funded with money people don't have, yet liberals lie about how great
it is.

Obama increased total debt from $10 trillion to $20 trillion in the eight
years he was in office, and sold out heterosexuals for Hollywood queer
liberal democrat donors.