White House: Trump's Idea to Name Mulvaney CFPB Director

29 November, 2017, 01:10 | Author: Roderick Gutierrez
  • Dueling bosses both try to lead at the CFPB

Nevertheless, Deputy Director English sued President Trump and OMB Director Mulvaney late on Sunday, arguing that she is the rightful Acting Director of the CFPB and seeking declaratory judgment and a Temporary Restraining Order to prevent them from taking further action toward placing Mulvaney in charge of the agency.

According to Bloomberg, both sides continue to insist that they are the one true acting director: while English sent an email to staff saying that "it is an honor to work with all of you", Mulvaney advised workers to ignore instructions from her and also treated them to donuts.

The White House told CNBC that Mulvaney was given access to the director's office with full support from the bureau's staff, despite the lawsuit filed against him and President Trump by CFPB Deputy Director Leandra English. It's been speculated that Cordray is seeking to run in the 2018 OH gubernatorial race.

"The Consumer Financial Protection Bureau, or CFPB, has been a total disaster as run by the previous Administrations pick".

On Saturday, Trump tweeted his concerns about the CFPB, which was formed after the 2008 financial crisis as a way to monitor Wall Street, calling the agency a "total disaster" and promising to "bring it back to life!"

In a ruling from the bench Tuesday afternoon, Judge Timothy Kelly declined to stop on an emergency basis the president from putting in place Mick Mulvaney, now the White House's budget director.

Dueling bosses both try to lead at the CFPB
DOJ Lawyer Can't Guarantee Trump Won't Fire Bumped Leader Of Consumer Agency

"Now that the CFPB's own general counsel - who was hired under Richard Cordray - has notified the bureau's leadership that she agrees with the Administration's and DOJ's reading of the law, there should be no question that Director Mulvaney is the acting director", White House spokeswoman Sarah Sanders said in a statement. "Did the president decide to give the dual positions to Director Mulvaney?" The CFPB has always been criticized by Republicans and the banking industry as an agency with too much power and too little accountability. Under the Dodd-Frank Act, the Deputy Director "shall. serve as acting Director in the absence or unavailability of the Director".

"That phrase could be interpreted to be about the director's health, rather than the director's retirement", the Post wrote. It will take a court ruling, or Senate confirmation of a permanent replacement for Richard Cordray, who stepped down as Director of the CFPB last week.

"The President's attempt to install a White House official at the head of an independent agency-while allowing that official to simultaneously serve in the White House-is unprecedented", English's lawyer, Deepak Gupta, said in a press release.

English claimed that Trump violated Congress's will by claiming he had the power under the Federal Vacancies Act to supersede Dodd-Frank.

"The President's interpretation of the FVRA runs contrary to Dodd-Frank's later-enacted, more specific, and mandatory text", the lawsuit concludes. Hours later, Trump named Mulvaney, the current director of the White House budget office, as temporary head of the CFPB.

According to Reuters, on Monday, following English's staff-wide email, Mulvaney issued his own fiery memo, claiming the top role for himself and instructing staffers to "disregard any instructions you receive from Ms. The president's purported or intended appointment of defendant Mulvaney as acting director of the CFPB is unlawful". "If you receive additional communications from her today...please inform the General Counsel".



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