Successful Consumer Bureau (CFPB) Under Major Threat From White House - News Summed Up

Successful Consumer Bureau (CFPB) Under Major Threat From White House


Under the plain language of the Dodd-Frank Act creating the bureau, the deputy director serves as acting director in the absence of the director. Professor Levitin has since added additional critical analysis of the White House position, first following a Saturday presentation to the media by the White House and, second, following the publication of an Office of Legal Counsel memo from DOJ. Mick Mulvaney already has one job, running the powerful White House Office of Management and Budget. Even were he to be the only acting director, his actions and words leave him unqualified to run the Consumer Bureau. He should simply decline to show up at the Bureau and let Leandra English serve until the Senate confirms a successor to Director Cordray.


Source: Huffington Post November 26, 2017 18:00 UTC



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