Shortly thereafter, CFPB General Counsel Mary McLeod circulated a memorandum to the CFPB's senior leadership taking the same position and advising "all Bureau personnel to act consistently with the understanding that Director Mulvaney is the Acting Director of the CFPB".
"Established by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, CFPB is charged with overseeing the Federal financial laws that specifically protect consumers-people who keep their money in banks and credit unions, pay for goods and services with their credit cards, and rely on loans to buy homes or pay for college, among other services".
Under the explicit text of the 2010 Dodd-Frank financial reform act, which created the CFPB, Deputy Director Leandra English became CFPB's "acting Director" at midnight on November 24, when Director Richard Cordray resigned his post and thereby became "unavailable" within the meaning of the law's specific provision for that contingency that the Deputy Director will "serve as acting Director in the absence or unavailability of the Director". District Judge Timothy Kelly, one of Trump's two new D.C. appointees, is slated to hear the case at 4:30 p.m. Mulvaney has been openly critical of the agency, once calling it a "joke" and a "wonderful example of how a bureaucracy will function if it has no accountability to anybody".
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 White House responded forcefully by saying Mulvaney, now director of the Office of Management and Budget, would be the one in control until Trump decided on a permanent successor, whose confirmation could take months.
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The heavy tree means it is loaded with water and hasn't dried out inside. "So measure the tree and make allowances for the stand". Donelson says it takes about 10-12 years for a tree to grow before it's ready for your house for Christmas.
Office of Management and Budget Director Mick MulvaneyJohn (Mick) Michael MulvaneyTop CFPB lawyer sides with Trump over Mulvaney appointment CFPB deputy director sues Trump to block Mulvaney as interim leader GOP senator: We shouldn't play games with dueling CFPB appointments MORE on Monday began working as the Consumer Financial Protection Bureau's acting leader amid a legal challenge from the CFPB's deputy.
Mulvaney also signed off as "acting director" and invited staff to pop by his fourth-floor office to "grab a donut".
Why was there a vacancy at the Consumer Financial Protection Bureau?
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The right of the "Alternative for Germany" called on Merkel to resign. Seehofer said the SPD must not set too many conditions.
On Sunday Ms English, who was anointed by the bureau's outgoing Democratic boss Richard Cordray last week, filed a lawsuit seeking to stop Mr Mulvaney from being installed as the bureau's head, arguing that she has the authority to take control. "I will be here until the court or the president tells me otherwise". "Director Mulvaney will bring a more serious and professional approach to running the CFPB". "English and the CFPB staff can continue its successful run". Then, having produced the very evidence that negates her own argument, she says the statute's history is "unpersuasive".
CFPB also created new consumer protection rules for mortgages and paydayloans.
Pelosi says in a statement that the White House wants "to put the ringleader of its risky, anti-consumer protection policies in charge" of the agency.
Black Friday nets Amazon boss Jeff Bezos a $100bn fortune
Given the wealth standings of all current billionaires, it seems Bezos will continue to remain on the top spot for a while. Bezos reached this milestone at 53, the same feat that was achieved by Bill Gates of Microsoft Corp. when he was 44.