Saturday, November 25, 2017

Major Power Battle at the CFPB: Who Will Employees Listen to on Monday?

The New York Times reports:
Come Monday morning, who will be running the Consumer Financial Protection Bureau? Over the weekend, the answer wasn’t clear.

Trump administration officials on Saturday defended
the president’s legal authority to name his budget director [Mick Mulvaney] as the acting head of the independent watchdog agency. President Trump made the appointment late on Friday, after the abrupt resignation of Richard Cordray, the agency’s director.

Mr. Trump’s announcement was intended to thwart a move by Mr. Cordray earlier in the day to elevate an official from inside the agency to take on temporary leadership of the bureau, [Leandra English].

Now, both sides say the law is in their favor, setting up a clash that may well end up in court....

 Mr. Cordray followed up his resignation announcement with a letter naming the agency’s chief of staff as acting chief.

Mr. Trump’s decision shortly afterward to name his own temporary director was a “typical routine move,” said one official, who spoke on the condition of anonymity.

Mr. Mulvaney is a fiscal hawk who previously called the agency a “sad, sick joke” and once, as a member of the House, sponsored legislation to end its existence.

I never considered Mulvaney currently the Director of the Office of Management and Budget.  a good fit at OMB to shrink the government. He doesn't have what it takes to battle the establishment, though in "principle" he favors a smaller government. His actions over the last year have proved my assessment correct. There has been no general shrinkage in government.

That said, he is probably a better fit at CFPB. CFPB needs to be defanged, and indeed shutdown, with banksters having his back in these actions, he will be more willing to conduct various decapitation efforts within the CFPB, then he was willing to do to the general U.S,.government budget.

As for Leandra English, she maintains a  very low profile. There are no pictures of her on the internet. The only general information about her is that she received a B.A. from New York University and an M.S. from the London School of Economics. That the CFPB bureaucracy supports her over Mulvaney tells us that she does not carry an ax to chop up the CFPB the way Mulvaney would.

Go Mick!



But now Trump wants to "bring it back to life" whatever the hell that means:


Another sign that Mulvaney is a good pick for the CFPB:


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