Sunday, November 26, 2017

The President trying to circumvent (let's call it break) the law again

In the statute regarding the Consumer Financial Protection Bureau, it clearly states that if the Director leaves the position, the Deputy Director assumes the leadership role until the President's pick to take over is confirmed by the Senate. Well, the President is ignoring that one little clause and is trying to make Budget Director Mick Mulvaney the acting head. If the President succeeds in getting away with breaking the law, another government agency will be headed by someone who has stated that this organization should go away. This is not what good competent government is supposed to be about. This bureau has helped the American people since its creation in helping safeguard their rights in connection with financial institutions ranging from banks to credit cards. The President and the Republican-led Congress have been trying to undermine it since January 20, 2017, in order to protect their friends in the financial sector. This is another reason for people to stay motivated for the elections in 2018 and beyond.


http://money.cnn.com/2017/11/25/news/wall-street-elizabeth-warren-consumer-financial-protection-bureau/index.html

https://www.politico.com/magazine/story/2017/09/01/mick-mulvaney-omb-trump-budget-profile-feature-215546

https://www.nytimes.com/2017/11/24/us/politics/consumer-financial-protection-bureau-cordray-leader-trump-mulvaney.html?smid=fb-share

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