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Tue Nov 28, 2017, 07:37 PM

Trump wins the first round in court. The public is likely to be the loser: Our view

When two competing “acting directors” showed up for work this week to lead the federal government’s Consumer Financial Protection Bureau (CFPB) — one an Obama administration holdover, the other named by President Trump — it was not only a bizarre moment but proof of how desperately Republicans want to defang the aggressive agency.

The CFPB, created in 2010, is the first federal agency to focus on protecting people from the excesses and scams of banks, credit card and mortgage issuers, debt collectors and other financial players.

GOP lawmakers — and their generous campaign donors from the financial industry — have been cringing since the bureau's inception at every bold move the agency made under director Richard Cordray, who resigned last week.

https://www.usatoday.com/story/opinion/2017/11/28/showdown-consumer-financial-protection-bureau-editorials-debates/902611001/?utm_source=feedblitz&utm_medium=FeedBlitzRss&utm_campaign=usatoday-newstopstories

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Response to pbmus (Original post)

Tue Nov 28, 2017, 07:48 PM

1. U.S. District Judge Timothy Kelly

Appointed by Trump in June...was there ever any doubt how this slag was going to rule???

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Response to pbmus (Original post)

Tue Nov 28, 2017, 10:30 PM

2. I despise Trump and his henchmen, but why would a former director have the power

to appoint his successor? Cordray apparently named the "acting director" just last week. I realize there's some ambiguous language in Dodd-Frank, but I think the judge probably made the right decision, even if it lets Trump appoint Mulvaney interim director.

I don't like Trump's interim choice, but I don't want Trump's appointees naming their successor when we finally retake control.

Elections have consequences, unfortunately.

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Response to Hoyt (Reply #2)

Tue Nov 28, 2017, 10:33 PM

3. Barney says succession was set up to avoid partisan politics...

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Response to pbmus (Reply #3)

Tue Nov 28, 2017, 10:39 PM

4. Yeah, but appointing the acting director when the director resigns, doesn't sound

non-partisan to me. Should have done it sooner so as not to appearing gaming things. That junk needs to stop, as Dotard says "on both sides."

I do get trying to keep a Trump appointee out.

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Response to Hoyt (Reply #4)

Tue Nov 28, 2017, 10:42 PM

5. The way I understand LAW, it says acting deputy director succeeds

There was no appointment by Cordray.

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Response to pbmus (Reply #5)

Tue Nov 28, 2017, 11:35 PM

6. In essence there was. Cordray appointed his Chief of Staff to Deputy Director

the day he resigned. Under his interpretation of Dodd-Frank, she would then become Acting Director.

If Mulvaney can be stopped, that's great. But this playing loose with the laws has to stop, on both sides. I still believe the judge acted properly, no matter how distasteful Mulvaney and Trump are.

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Response to Hoyt (Reply #6)

Tue Nov 28, 2017, 11:53 PM

7. And Democrats have to do the right thing first...

Leading the republican down the path to righteousness....

which they almost always have picked greed and winning anyway possible....

I get the karmic reality for us...what about them...

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Response to pbmus (Reply #7)

Wed Nov 29, 2017, 06:45 AM

8. Well, someone needs to do the right thing. Doubt we'll win this one in court, and not sure we should

because it will come back to haunt us.

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