Judge again rules for Trump administration in fight for control of CFPB
Source: Washington Post
A federal judge on Wednesday sided with the Trump administration for a second time in a fight for control of the Consumer Financial Protection Bureau, denying a request by a high-ranking agency employee that she be put in charge instead of the White Houses pick.
U.S. District Judge Timothy J. Kelly on Wednesday turned down Leandra Englishs request for a temporary restraining order that would prevent White House budget director Mick Mulvaney from serving as the CFPBs acting director. English has not demonstrated a likelihood of success on the merits or shown that she will suffer irreparable injury absent injunctive relief, Kelly said in the 46-page ruling.
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Englishs attorneys have argued that the 2010 Dodd-Frank Act, which established the CFPB after the financial crisis, laid out a specific plan of succession authorizing the deputy director to take over until a White House nominee is confirmed by the Senate. Also, they said, Mulvaney cannot wear two hats by simultaneously leading the independent financial regulator while serving as director the Office of Management and Budget.
We are disappointed in todays decision, Deepak Gupta, Englishs attorney, said in a statement. The law is clear: President Trump may not circumvent the Senate confirmation process by installing his White House budget director to run the CFPB part time. Mr. Mulvaneys appointment undermines the Bureaus independence and threatens its mission to protect American consumers.
Read more: https://www.washingtonpost.com/news/business/wp/2018/01/10/judge-again-rules-for-trump-administration-in-fight-for-control-of-cfpb/?utm_term=.90b1db60134c
Freethinker65
(10,001 posts)Might as well just shut the whole thing down and just get rid of all those pesky consumer protection regulations. Buyer beware. No more do not call lists. Give tax incentives for scamming seniors. Arbitration only clauses overseen by corporate panels. Self policing and policy making by the financial industry. MAGA
turbinetree
(24,685 posts)while this fascist was leading the charge on the tax scam, to basically screw everyone making less than $75,000 a year, so that congress can go after social programs with "his" CBO score, this asshole, is now been given the green light to complete the total screwing....................................
We now have judge(s), sitting on the bench that apparently cannot read a law that says there is an order of succession:
We are disappointed in todays decision, Deepak Gupta, Englishs attorney, said in a statement. The law is clear: President Trump may not circumvent the Senate confirmation process by installing his White House budget director to run the CFPB part time. Mr. Mulvaneys appointment undermines the Bureaus independence and threatens its mission to protect American consumers.
November 2018 cannot get here fast enough
Kathy M
(1,242 posts)since 2015
"WASHINGTON (Reuters) - The top lawyer for the U.S. Consumer Financial Protection Bureau (CFPB) has concluded that President Donald Trump has the authority to name its acting director, three sources familiar with the matter said on Sunday, rejecting an effort by her former boss at the agency to name his immediate successor. "
"The office of CFPB General Counsel Mary McLeod has prepared a memo concurring with the opinion of the U.S. Justice Department that Trump has the power to appoint his budget chief, Mick Mulvaney, as temporary leader of the federal watchdog agency, according to the sources, who spoke on condition of anonymity. "
"McLeods opinion places her against Richard Cordray, who resigned as CFPB director on Friday"
https://www.reuters.com/article/us-usa-trump-cfpb-memo/exclusive-u-s-consumer-finance-agency-lawyer-sides-with-trump-over-succession-sources-idUSKBN1DR05A
Mary McLeod letter ...https://www.politico.com/f/?id=0000015f-fbe7-d90d-a37f-fff74f280000
turbinetree
(24,685 posts)he still gets to wear two hats, and still doesn't get to go through the nominating process, again and to have it basically moot to be grilled on on what he would do, no public hearings, nothing
So just acquiescence the responsibilities, to how the law was written........................really