Mulvaney Tells CFPB Staff He's In Charge After Another English Email

Mulvaney Tells CFPB Staff He's In Charge After Another English Email

Mulvaney Tells CFPB Staff He's In Charge After Another English Email

White House budget boss Mick Mulvaney moved quickly Monday to rein in the Consumer Financial Protection Bureau, imposing a 30-day hiring freeze and other new rules as the fight over who's really in charge of the agency heads to court.

The Trump administration got its chance to wrest control Friday, when longtime director Richard Cordray resigned and promoted his chief of staff, English to deputy director, saying she would serve as acting director until the Senate confirmed his permanent replacement.

As many of you know, the CFPB is engulfed in a batshit power struggle after Richard Cordray ran away to join the OH political circus, giving The Trump White House a clear shot at doing its favorite thing: passively strangling a government agency to death by appointing an anathematic person to run it.

It said that both the Justice Department's Office of Legal Counsel and the general counsel of the CFPB "agree that the President of the United States lawfully designated John M. Mulvaney as the CFPB's Acting Director pursuant to the VRA (Vacancies Reform Act)".

The next step is for the Trump administration to submit its response to English's suit.

Leandra English, who was elevated to the position of interim director of the CFPB by its outgoing director, filed a lawsuit Sunday night in the U.S. District Court for the District of Columbia. English had requested an emergency restraining order to stop Mulvaney from becoming the acting director of the bureau. However the law is clear: "Director Mulvaney is the Acting Director of the CFPB", she said, according to CNN.

Cordray was appointed CFPB director by President Barack Obama and has been long criticized by congressional Republicans for being overzealous, but lauded by consumer advocates for aggressively going after banks for wrongdoing.

The agency is perhaps most famous for leading the charge against commercial banking giant Wells Fargo, which created millions of phony bank and credit card accounts that resulted in untold sums in fees for customers, damaged credit scores and higher interest rates. He was one of the last Obama-era political holdouts.

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Mulvaney installs himself nation's top consumer watchdog agency

Meanwhile, Thune said he expected that Mulvaney "will be on the job and he'll be calling the shots over there", but acknowledged the issue could end up in court. "Everyone needs to know who is director of the bureau", Gupta said. These rules are still in the works.

The White House issued a statement hours after Cordray's resignation that noted the president "looks forward to seeing Director Mulvaney take a common sense approach to leading the CFPB's dedicated staff, an approach that will empower consumers to make their own financial decisions and facilitate investment in our communities".

"This agency will stay open", he said.

Protestors outside the CFPB on Monday morning oppose Trump's appointment of Mick Mulvaney to temporarily lead the agency.

That language may sound definitive, but the Trump administration thought otherwise: That same day, Trump appointed Mulvaney, a vocal, long-time foe of the CFPB, to serve as the agency's head.

Hold up. What is the Consumer Financial Protection Bureau?

After asking them to disregard Ms English's instructions, he told staff to report any additional communications from her to the bureau's general counsel. But it may take several weeks for someone to be nominated and even months until the Senate could confirm his or her appointment.

The Trump administration warned that granting a temporary restraining order to prevent the president from naming an interim director of the US consumer watchdog would be an extraordinary intrusion into the executive branch and harm the agency.

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