Tag: Trump attack on consumers

Is the Consumer Bureau ‘Unaccountable’ and Ineffective?

The following article by Linda Qiu was posted on the New York Times website November 28, 2017:

President Trump named his budget chief, Mick Mulvaney, as the acting director of the Consumer Financial Protection Bureau, in a bid to take control of the agency just hours after its departing leader had taken steps to install his own choice for acting chief. Credit Carlos Barria/Reuters

WASHINGTON — Alongside a legal showdown over who will lead the Consumer Financial Protection Bureau, the agency also faces renewed criticism — including from the official overseeing the bureau as the case is being considered.

Confusion has reigned as two acting directors have claimed the title: Mick Mulvaney, who was appointed by President Trump, and Leandra English, designated by the departing director of the bureau, Richard Cordray, as his successor.

Ms. English, the deputy director of the consumer bureau, filed a lawsuit on Sunday seeking to block Mr. Mulvaney, the White House budget chief, from taking control. A federal judge on Tuesday said that Mr. Mulvaney could lead the agency. Continue reading “Is the Consumer Bureau ‘Unaccountable’ and Ineffective?”