There’s a battle raging in D.C. that you may not be aware of or even fully understand. Here’s an attempt to simplify things a bit.
Consumer Protection Finance Bureau … that’s the last time I type that because pecking away at this keyboard I’m 8 thumbs and two middles fingers. Henceforth it is now simply CFPB.
This dirty little deed came about during the Dodd-Frank disaster that ruined the economy and led to the ascent of one Barack Obama. Lieawatha Warren was once the head of this thing.
Rush can summarize it far better than I can:
Democrats Set Up Unconstitutional CFPB to Launder Money for Liberal Causes
Rush: The Consumer Financial Protection Bureau. This is another little liberal enclave that was established by liberal Democrats, including Elizabeth Warren, that was set up as an agency that was unaccountable to anyone. It even had a budget that was unaccountable to the U.S. budget. Barney Frank and Chris Dodd set this thing up and Elizabeth Warren was the real driver of this particular organization, the Consumer Financial Protection Bureau.
This was an independent agency set up to be able to legally get money from the financial industry and then turn around and give it to left-wing activist groups. And that’s what they were doing with it. And that’s why they are so desperate to hold on to it. The point is, it’s unconstitutional, and that’s the only thing that matters.
RICHARD CORDRAY, WHO IS STEPPING DOWN TO RUN FOR GOVERNOR OF OHIO, ILLEGALLY APPOINTED HIS UNDERLING, LEANDRA ENGLISH, AS ACTING DIRECTOR. HE HAS NO AUTHORITY TO DO THAT.
Rush: There’s something called the Federal Vacancies Reform Act which allows the president, who runs the executive branch, to appoint successors to people in federal agencies under the executive branch umbrella leaving. This thing was set up to be an independent agency accountable to no one. Its very existence is unconstitutional. The left knows it. That’s why they’re hell-bent, Cordray named this Leandra English to succeed him.
The money went to unions. The money went to states and teachers and union members to keep them employed during the Great Recession. The reason for that is, those people need to be employed in order to pay union dues. Union dues are collected from what they make and are sent in a circuitous route back to the Democrat Party in the form of campaign donations. So the stimulus was a substitute for Obama walking over to the Treasury and writing a check for $800 billion to the Democrat National Committee.
Consumer Bureau execs, workers gave 593 donations to Democrats, 1 to GOP
A quick count of donations found:
•$46,611 to Hillary Rodham Clinton.
•$13,190 to Sen Elizabeth Warren.
•$19,988 to President Obama.
•$10,075 to Democratic campaign committees.
•$1,129 to Sen. Bernie Sanders.
CFPB Joins Justice In Shaking Down Banks For Democrat Activist Groups
The CFPB plans to create a so-called Civil Penalty Fund from its own shakedown operations targeting financial institutions. Through ramped-up (and trumped-up) anti-discrimination lawsuits and investigations, the agency will bankroll some 60 liberal nonprofits, many of whom are radical Acorn-style pressure groups. It says these organizations will provide “financial coaching” for low-income homebuyers, as well as “housing and social services.”
Obama’s Department of Housing and Urban Development is also getting in on the act.
In a $200 million settlement with Associated Bank, which the agency accused of lending discrimination, HUD is forcing the Wisconsin bank to funnel tens of millions in “donations” to “community groups.”
This is extortion of private business by government. Congress’ new leadership must call on the agency’s inspector general and the Government Accountability Office to audit these pernicious payola schemes.
It turns out that Cordray, quite illegally, on his way out named his deputy, Leandra English, as the temporary director. When Mulvaney arrived at work Monday morning, he was forced to issue a memo saying “Please disregard any instructions you receive from Ms. English in her presumed capacity as acting director.”
Who is Deepak Gupta? Ex-CFPB employee emerges as leading anti-Trump litigator
This week, Gupta was in court representing Leandra English, who claims she is acting director Consumer Financial Protection Bureau. When Trump picked Office of Management and Budget Director Mick Mulvaney to fill the position, English sued, arguing that as deputy director the law puts her in charge.
Secret Donors Are Financing Leandra English Lawsuit Against Trump
The D.C. lawyer appeared caught off guard when CNBC hosts asked who was financing his effort. He stumbled over his words in his first answer and said some form of unidentified “structure” was being put in place to accept funds from anonymous donors.
“Well, uh, it’s, it’s not, um, Miss, um English, um, ah. There are ethics lawyers that we’ve consulted, and we have a structure set up that is with ethics rules and, um, we’ll and we’ll be talking about that once we have that,” he told CNBC.
Elizabeth Warren leads protest to block Trump’s CFPB appointment
The CFPB, an agency created by the Dodd-Frank banking law that passed during former President Barack Obama’s first term, has become the focal point of a new fight over presidential authority in recent days
Maria Langholz of the Progressive Change Campaign Committee, which helped organize the Tuesday protest, added in a statement that “Trump is trying to undermine the CFPB by breaking the rules to install a guy who is wholly unfit for the office and has numerous conflicts of interest.”
The CFPB Coup Attempt Is Over, Court Rules In Favor Of Trump Administration
A U.S. District Court judge in Washington handed a big victory to President Donald Trump, ruling in favor of the administration in its bid to install White House Budget Director Mick Mulvaney as acting director of the Consumer Financial Protection Bureau.
Judge Timothy Kelly denied a request by Leandra English, who was named last week as acting director by outgoing CFPB chief Richard Cordray, for a temporary restraining order to block Mulvaney from taking the post.
Kelly said there was not a substantial likelihood that the case would succeed on its merits.
Court Rules with POTUS TRUMP – Tells Far Left Hack to Clear Contents of Her Office into Box and Evacuate the Premises
Recent Trump appointee ruled today in favor of President Trump and rejected a lawsuit from an official who claims that she, and not President Trump appointee Mick Mulvaney, is the rightful director of the Consumer Financial Protection Bureau.
THANKS AGAIN TO HARRY REID FOR ALLOWING TRUMP TO APPOINT HONEST JUDGES… WINNING!
CFPB Acting Director Mick Mulvaney Orders 30-Day Hiring, Regulatory Freeze
Mulvaney declared that President Trump “wants me to get it [the agency] back to the point where it can protect people without trampling on capitalism.”
The hiring freeze came amidst a feud between current director Mulvaney and deputy director Leandra English, an Obama-era appointee to the CFPB, who argued that she remains the rightful director of the financial regulatory agency.
Former Rep. Frank: Dodd Frank Bill Vacancy Act ‘Not As Clear Cut As I Wish It Was’
WE SURE SCREWED THE PEOPLE OVER WITH THAT ONE, DIDN’T WE?
IN SHORT, THIS WAS AN ILLEGAL DEMOCRAT MONEY LAUNDERING ORGANIZATION THAT THE DEMOCRATS WERE DESPERATE TO HANG ON TO. THEN ALONG CAME DONALD TRUMP.