A top Senate Republican argued this weekend that President Trump’s interim pick to run the Consumer Financial Protection Bureau, not the outgoing director’s choice, will be in charge Monday morning amid a growing partisan standoff over the controversial agency.

Agency Director Richard Cordray, in resigning Friday, effectively made Chief of Staff Leandra English acting director. That set up a fight with the Trump White House, which later Friday named Mick Mulvaney, director of the Office of Management and Budget, as interim director.

“I think Mick Mulvaney will be in charge,” South Dakota GOP Sen. John Thune, a member of Senate Republican leadership, told “Fox News Sunday.”

Thune argued the Justice Department supports the president’s position and that the agency has “very little accountability” and “really no oversight to Congress.”

“It’s an agency that needs to be reformed,” he told Fox. “So I expect that Mick Mulvaney will be on the job and be calling the shots over there.”

He suggested that Trump hastily announced a permanent replacement whom the Republican-controlled Congress can promptly confirm, though he acknowledged that the courts might ultimately have to decide the issue.

“We'll process [the nomination] as quickly as we can in the Senate and get somebody installed as soon as possible,” he said. “That ultimately is the best way to resolve this.”

Cordray, a Democrat, in fact named English deputy director before resigning, so she would become acting director when he quit.

Cordray and the White House have cited different laws to support their positions. Administration officials on Saturday acknowledged that some other laws appear to clash with the one they cited, said that in this case the president's authority takes precedence.

The consumer watchdog agency has enmeshed in partisan politics since its creation after the 2008 financial crisis.

Cordray was an Obama appointee often criticized by banks and congressional Republicans as being too aggressive.

The CFPB was proposed by now-Sen. Elizabeth Warren, D-Mass., in her previous job at Harvard Law School, and it was created as part of the laws passed following the 2008 financial crisis and subsequent recession.

Under Cordray, the first CFPB director, the agency implemented or proposed myriad new rules and regulations for the banking industry. Nearly every American who deals with banks or a credit card company or has a mortgage has been affected by rules the agency put in place.

Facing Republican opposition, former President Barack Obama had used a congressional recess appointment to install Cordray to lead the agency. When Trump was elected, Cordray became one of the highest-level political appointees to remain, and some congressional Republicans had urged Trump to fire him.

Cordray announced this month that he planned to resign his office by the end of November. Many thought his early resignation would give Trump a chance to appoint his own director, who could remake the agency and potentially roll back the protections Cordray and his staff put into place.

House Minority Leader Nancy Pelosi, the chamber’s top Democrat, said Sunday that federal law makes clear English serves as acting director until the Senate confirms a permanent one.

“All Americans should be deeply concerned about the White House’s cynical decision to flout the law and attempt to put the ringleader of its dangerous, anti-consumer protection policies in charge of the CFPB,” said Pelosi, of California. “Democrats will be firm in defending the rightful appointment of Leandra English as acting director.”

Link

Hey, Senator Thune: how about you and your colleagues just x out the CFPB altogether?
Then the arguments can stop.

In a victory for the Trump White House, a temporary restraining order to halt the president's pick for acting director of the Consumer Financial Protection Bureau (CFBP), Mick Mulvaney, was denied by a judge Tuesday afternoon.

Judge Timothy Kelly ruled in favor of Trump in his effort to appoint White House budget director Mulvaney to lead the bureau, the nation's top financial watchdog agency.

A lawsuit was filed Sunday night by Leandra English, the federal official appointed to lead the bureau by its outgoing director, Richard Cordray, against the president and Mulvaney.

The suit requested a declaratory judgment and a temporary restraining order to block Mulvaney from taking over the agency.

The leadership of the bureau had been thrown into chaos over the weekend after Cordray resigned and appointed English as his successor. Both Mulvaney and English claimed to be the rightful acting director.

Mick Mulvaney speaks amid battle over leadership at Consumer Financial Protection Bureau.Video
Mulvaney announces hiring, regulation freezes at CFPB

English cited the Dodd-Frank Act, which created the CFPB. She said that as deputy director, she became the acting director under the law and argued that the federal law the White House contends supports Trump's appointment of Mulvaney doesn't apply when another statute designates a successor.

Mulvaney, a former congressman, has called the agency a "joke" and an example of bureaucracy run amok. He is expected to dismantle much of what the bureau has done.

A new director for the CFPB must be confirmed by the Senate.

Link

I read several articles on this issue

It appears the trick that Cordray and Leandra English tried is a really bullshit attempt to keep DEM control of the CFPB.

A very sweet aspect of Judge Kelly's ruling:

http://thehill.com/policy/fina...onsumer-agency-fight

"The ruling from Kelly, a Trump appointee , clears the way for Mulvaney to run the CFPB until a permanent director is sworn in or English successfully appeals the decision."

The legal dispute arose because Cordray, in one of his final acts at the agency, promoted English, his former chief of staff, to the role of deputy director.

RUMBLINGS: Elizabeth Warren Faces ‘Political Destruction’ Amid Rumors CFPB Engaged In Multi-Billion Dollar ‘Scheme’

November 27, 2017 by Joshua Caplan

Is the real reason behind Senator Elizabeth Warren’s outrage over Mick Mulvaney’s appointment as director of the Consumer Financial Protection Bureau (CFPB) about her own political survival?

Conservative Treehouse’s Sundance believes Mulvaney is in a rare position to drain one of Washington’s deepest swamps — and the 2020 hopeful may be collateral damage.

Conservative Treehouse writes:

Elizabeth Warren set up the bureau to operate above any oversight. Additionally, the bureau was placed under spending authority of the federal reserve. The CFPB gets it’s operating budget from the Federal Reserve, not from congress. Again, this was set-up to keep congress from defunding the agency as a way to remove it. […]

Mick Mulvaney is now in a position to look at the books, look at the prior records within the bureau and expose the political agenda within it to the larger public. […]

Most likely President Trump will not appoint a replacement until Mulvaney has exposed the corruption within it. That sunlight is toxic to Elizabeth Warren and can potentially be politically destructive to the Democrats. If the secrets within the bureau are revealed, there’s a greater likelihood the bureau will be dissolved.

There are billions of scheme and graft at stake. Within the record-keeping there are more than likely dozens of progressive organizations being financed by the secret enterprise. That’s the risk to the SWAMP.

Reports of the CFPB awarding lucrative contracts to left-leaning organizations is nothing new. The CFPB awarded GMMB a $14.7 million contract for “agency media and resource communication,” in June of 2017 and a $16 million payday to marketing materials about student loans and mortgages.

While the amount revealed pales in comparison to what is really ‘under the hood,’ it’s important to remember the CFPB’s activities are shrouded in mystery. Perhaps, not for long if the Trump administration gets its way.

Meanwhile, Leandra English, the deputy director of the government body, has sued the Trump administration to block the appointment of Mick Mulvaney as interim director of the CFPB.


http://www.thegatewaypundit.co...llion-dollar-scheme/

That any federal agency, operating with appropriated funds to regulate any private entity, is not operated solely by either the Executive, Judicial, or Legislative branches is outrageous.

quote:

Leandra English, the deputy director of the government body,

And the first thing he needs to do is FIRE Leandra English, the deputy director of the government body!

quote:

Originally posted by downtownv:

quote:

Leandra English, the deputy director of the government body,

And the first thing he needs to do is FIRE Leandra English, the deputy director of the government body!

I heard there was some consumer fraud going on down at Amundsen–Scott South Pole Station that needs director level people to investigate. After that, there is some consumer fraud that needs investigating at King Khalid Air Base. A 200F temperature swing will add some character to Ms English.

one of the reasons the DEMs will fight so hard to control CFPB

from June 2015

https://www.investors.com/poli...rat-activist-groups/

CFPB Joins Justice In Shaking Down Banks For Democrat Activist Groups

The Consumer Financial Protection Bureau is diverting potentially millions of dollars in settlement payments for alleged victims of lending bias to a slush fund for poverty groups tied to the Democratic Party.

We've seen this before at the Justice Department, which Congress earlier this year scolded for "shortchanging" alleged victims of Bank of America and Citibank the same way. Justice funneled at least $150 million into a slush fund for Democratic interests, unconstitutionally avoiding Congress.

Now, a little-noticed item on the CFPB's website reveals the powerful new agency is launching its own scheme to provide backdoor funding for nonprofit urban groups politically aligned with Democrats.


The CFPB plans to create a so-called Civil Penalty Fund from its own shakedown operations targeting financial institutions. Through ramped-up (and trumped-up) anti-discrimination lawsuits and investigations, the agency will bankroll some 60 liberal nonprofits, many of whom are radical Acorn-style pressure groups. It says these organizations will provide "financial coaching" for low-income homebuyers, as well as "housing and social services."

But their activities are more political than charitable. IBD obtained a list of groups eligible for the bank payola, as approved by CFPB Director Richard Cordray and Labor Secretary Thomas Perez. It includes:

• The Legal Aid Society of the District of Columbia, whose directors include senior Democratic National Committee officials; the self-described "policy advocacy" group has lobbied Congress for more welfare spending at least 108 times since Obama took office.

• The Mississippi Center for Justice, whose stated mission is "advancing racial and economic justice" and "attacking predatory lending practices."

• People's Community Action Corp. of St. Louis, which has seated Obama appointees and Democrat lawmakers on its board.

The CFPB says the money will aid these and other left-wing groups in helping 45 million otherwise uncreditworthy, low-income people living in America obtain loans to buy cars and homes.

It complains that these mostly minority and immigrant consumers are "economically vulnerable" and "have limited access to mainstream financial services."

So in effect the government is forcing banks to fork over payola to radical nonprofit groups that exist to shake down banks for high-risk urban home loans — the kind of mortgages that defaulted in droves during the housing crisis. The money also restocks their war chest to lobby Congress for expansion of the disastrous Community Reinvestment Act.

Justice created a similar slush fund from discrimination lawsuits against banks to provide backdoor funding to nonprofit housing groups tied to Democrats, steering huge sums to affordable-housing activist groups approved by HUD, including:

• La Raza, which pressures banks to qualify more low-income Latino immigrants for home loans.

• National Community Reinvestment Coalition, Washington's most aggressive lobbyist for the CRA.

• Neighborhood Assistance Corp. of America, whose director calls himself a "bank terrorist."

• Operation Hope, a South Central Los Angeles group pressuring banks to make "dignity mortgages."

• Mutual Housing Association of New York, or MHANY, a spinoff of an Acorn housing unit.

Now the Consumer Financial Protection Bureau is launching its own scheme to cut Democrat activist groups in on its own multimillion-dollar settlements.

Obama's Department of Housing and Urban Development is also getting in on the act.

In a $200 million settlement with Associated Bank, which the agency accused of lending discrimination, HUD is forcing the Wisconsin bank to funnel tens of millions in "donations" to "community groups."

This is extortion of private business by government

This message has been edited. Last edited by: sdy,

quote:

Originally posted by tatortodd:
heard there was some consumer fraud going on down at Amundsen–Scott South Pole Station that needs director level people to investigate. After that, there is some consumer fraud that needs investigating at King Khalid Air Base. A 200F temperature swing will add some character to Ms English.

Please help me with my math here. I'm kind of temperature challenged. I'm guessing the swing will be much more than 200 degrees.

Now back to the topic a hand. The stunt pulled or tried is that it could go on perpetually. If the lefty, English was allowed to take the position, then she could find a suitable lefty to take her place in some years. Then that worthy could continue to pull the same stunt forever and ever.

But its too complex to explain to the voters. With the attention span in seconds, it would take minutes to explain. Pulling a quick one will eventually come out.

quote:

The stunt pulled or tried is that it could go on perpetually

No, don't think so.

The term for Cordray was going to end in July 2018.

Once that term is over, a new director would be appointed by the president.

I believe normally the term is 6 years.

(Cordray was in the position for a while before he was confirmed by the senate)

Man, I would like to see a show of hands from folks who had never heard of this agency... I like to think I am fairly well informed.

I'm not tired of winning yet. Thank God for President Trump!

quote:

Originally posted by mark_a:
Man, I would like to see a show of hands from folks who had never heard of this agency... I like to think I am fairly well informed.

Yup, right here...never heard of it.

long detailed article on the issue.

will just post the link

http://yalejreg.com/nc/at-the-...loud-of-controversy/

At the CFPB, Cordray Creates One Last Cloud of Controversy

Yet another example of the embedded 'deep state' at work. Speaking of work, while we go there the lefties are trying to keep control of government regulating bodies.

They won't give up their grip easily, use any tactic. The shakedown for 'contributions' to lefty groups is another area that could use a full investigation.

quote:

Originally posted by Balzé Halzé:

quote:

Originally posted by mark_a:
Man, I would like to see a show of hands from folks who had never heard of this agency... I like to think I am fairly well informed.

Yup, right here...never heard of it.

Neither had I. And the swamp seems to be getting bigger as more of this crap starts coming to light.

And the unfortunate part is that nobody will go to jail over this, or the dozens of other scams against us taxpayers.

This attempt at continued DEM obstruction and holding onto power is really something.

from various sources:

Richard Cordray left as Director CFPB because he is going to run for Governor of Ohio. (hasn't formally announced yet)

The Deputy Director position has been vacant for 2 years but there has been an acting Deputy Director - David Silberman

Leandra English had been chief of staff since January 2017.

On the day that Cordray resigned, he promoted Leandra English to the official CFPB deputy director (replacing David Silberman)

Cordray and English declared English to be the new Director for the rest of Cordray's term.


From Dodd Frank law:

b) Director and Deputy Director.--
(1) In general.--There is established the position of the
Director, who shall serve as the head of the Bureau.
(2) Appointment.-- <<NOTE: President.>> Subject to paragraph

(3), the Director shall be appointed by the President, by and
with the advice and consent of the Senate.

(3) Qualification.-- <<NOTE: President.>> The President
shall nominate the Director from among individuals who are
citizens of the United States.
(4) Compensation.--The Director shall be compensated at the
rate prescribed for level II of the Executive Schedule under
section 5313 of title 5, United States Code.

(5) Deputy director.--There is established the position of
Deputy Director, who shall--
(A) be appointed by the Director; and
(B) serve as acting Director in the absence or
unavailability of the Director.

(c) Term.--
(1) In general.--The Director shall serve for a term of 5 years.
(2) Expiration of term.--An individual may serve as Director
after the expiration of the term for which appointed, until a
successor has been appointed and qualified.

(3) Removal for cause.--The President may remove the
Director for inefficiency, neglect of duty, or malfeasance in
office.

http://freebeacon.com/issues/leandra-english-day/

Leandra English is still coming to work at the Consumer Financial Protection Bureau, but it remains unclear what she actually does there.

Multiple requests for comment from English's lawyer and the CFPB were not returned regarding English's daily work activities and schedule. Aside from working on her lawsuit against the government and meeting with the Democratic leadership in Congress, little is known about English's current role as deputy director.

Acting Director Mick Mulvaney has sent numerous emails instructing English to stop calling herself acting director and return to duties "customarily performed by a deputy director." Those emails have gone unanswered.

Even still, Mulvaney told reporters earlier this week that he is "absolutely not" considering firing English

too bad

Multiple calls to Deepak Gupta, English's lawyer, were not returned. Gupta was not taking press calls regarding English on Wednesday because he was busy filing the second lawsuit for English. Follow up calls asking about what work English is doing at the CFPB on Thursday were not returned.

English was not a career official at the CFPB.

I had missed that part

She was a political appointee by the Obama administration to the Office of Management and Budget and shuffled between the agencies over the past several years. She was Cordray's chief of staff, and he named her deputy director before he resigned.

Sen. Ron Johnson (R., Wisc.), chairman of the Senate Homeland Security and Governmental Affairs Committee, has questioned English's "burrowing" from a noncareer, political role into a career position "outside of competitive hiring processes ."

quote:

Leandra English is still coming to work at the Consumer Financial Protection Bureau, but it remains unclear what she actually does there.

Like George Costanza, continuing to show up for work after he got fired from (IIRC) the Yankees?

As for the agency in question, that should have been smothered in its crib.