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Calista241

(5,586 posts)
Wed Jan 10, 2018, 10:31 PM Jan 2018

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 House’s pick.

U.S. District Judge Timothy J. Kelly on Wednesday turned down Leandra English’s request for a temporary restraining order that would prevent White House budget director Mick Mulvaney from serving as the CFPB’s 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.

...

English’s 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 today’s decision,” Deepak Gupta, English’s 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 th​e CFPB part time. Mr. Mulvaney’s appointment undermines the Bureau’s 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

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Judge again rules for Trump administration in fight for control of CFPB (Original Post) Calista241 Jan 2018 OP
So can the WH rename it the Consumer Financial Exploitation Bureau/Corporate Protection Bureau? Freethinker65 Jan 2018 #1
Sooooooooooooooooooooo turbinetree Jan 2018 #2
I guess you must have missed the letter from top lawyer of CFPB Mary McLeod who has been there Kathy M Jan 2018 #3
Soooooooooooooooooooo turbinetree Jan 2018 #4

Freethinker65

(10,001 posts)
1. So can the WH rename it the Consumer Financial Exploitation Bureau/Corporate Protection Bureau?
Wed Jan 10, 2018, 10:42 PM
Jan 2018

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)
2. Sooooooooooooooooooooo
Thu Jan 11, 2018, 12:22 AM
Jan 2018

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 today’s decision,” Deepak Gupta, English’s 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 th​e CFPB part time. Mr. Mulvaney’s appointment undermines the Bureau’s independence and threatens its mission to protect American consumers.”






November 2018 cannot get here fast enough

Kathy M

(1,242 posts)
3. I guess you must have missed the letter from top lawyer of CFPB Mary McLeod who has been there
Thu Jan 11, 2018, 01:06 AM
Jan 2018

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. "

"McLeod’s 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)
4. Soooooooooooooooooooo
Thu Jan 11, 2018, 10:10 AM
Jan 2018

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




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