As the current Consumer Financial Protection Bureau head sparred with the agency's champion, Sen. Elizabeth Warren, in a congressional hearing, a legal battle over who gets to run the bureau escalated in a Washington, D.C., courtroom on Thursday.The CFPB might be America's most dangerous organization : acting outside the U.S. Constitution.
White House Office of Management and Budget Director Mick Mulvaney is running the consumer bureau and testified Thursday before the Senate. But the deputy director of that same agency, Leandra English, is challenging Mulvaney's right to run the bureau before the U.S. Court of Appeals for the D.C. Circuit.
The case is about who gets to choose the bureau's acting director when its Senate-confirmed director steps down. When former director Richard Cordray resigned on Friday, Nov. 24, 2017, he designated English, his chief of staff, as his successor. English has helped lead the bureau for years and supported many of the enforcement actions Cordray initiated against big banks like Wells Fargo to Discover Bank.
Friday, April 13, 2018
Clash For Control Of Consumer Financial Protection Bureau Heads To Court
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