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I heard about this over the weekend. Apparently the Dir., CFPB has resigned and has assigned an Acting Dir. in his place. However, Pres. Trump wants to appoint his own Director for the Bureau. That's fine, except Trump doesn't like the fact that an Acting Dir is currently serving.
According to media reports, Pres. Trump is attempting to use the Federal Vacancies Act to force a presidential appointment to the "vacant" position. Unfortunately, I don't think that will fly.
Not only must any presidential appointee go through the Senate confirmation process, according to the Dodd-Frank Act, section 336:
So, under the law Pres. Trump can't assigned his own Acting Director to the CFPB. The outgoing Director can assigned an Acting Director until a permanent successor is confirmed. Moreover, the Federal Vacancies Act says this about filling vacancies at the executive level until a successor can be confirmed:
Trump doesn't like that, however. So, he's taking the CFPB to court.
Since the CFPB is an independent agency and the vacancy issue for this particular agency was addressed in the law 9Dodd-Frank) establishing the Bureau, I don't think the Trump Administration stands a chance at over-riding the Acting Director appointment.
Thoughts...
Note: There's something more sinister at hand here, folks. IMO, the CFPB has been a good thing for consumers ensuring they don't get ripped off by big corporations. It's my opinion that Pres. Trump wants to put his hand-picked successor in the Director's chair so that said individual can begin to undermine the agency sooner rather than later. I also think Trump may be alittle worried he may not get a Senate confirmation considering the 2018 mid-terms are coming up and Mueller's Russia investigation is just starting to heat up.
According to media reports, Pres. Trump is attempting to use the Federal Vacancies Act to force a presidential appointment to the "vacant" position. Unfortunately, I don't think that will fly.
Not only must any presidential appointee go through the Senate confirmation process, according to the Dodd-Frank Act, section 336:
(a) In General.--Section 2 of the Federal Deposit Insurance Act (12
U.S.C. 1812) is amended--
(1) in subsection (a)(1)(B), by striking ``Director of the Office of Thrift Supervision'' and inserting ``Director of the
Consumer Financial Protection Bureau'';
(2) by amending subsection (d)(2) to read as follows:
``(2) Acting officials may serve.--In the event of a vacancy in the office of the Comptroller of the Currency or the office
of Director of the Consumer Financial Protection Bureau and pending the appointment of a successor, or during the absence or
disability of the Comptroller of the Currency or the Director of the Consumer Financial Protection Bureau, the acting Comptroller
of the Currency or the acting Director of the Consumer Financial Protection Bureau, as the case may be, shall be a member of the
Board of Directors in the place of the Comptroller or Director.
So, under the law Pres. Trump can't assigned his own Acting Director to the CFPB. The outgoing Director can assigned an Acting Director until a permanent successor is confirmed. Moreover, the Federal Vacancies Act says this about filling vacancies at the executive level until a successor can be confirmed:
(a) If an officer of an Executive agency (including the Executive Office of the President, and other than the Government Accountability Office) whose appointment to office is required to be made by the President, by and with the advice and consent of the Senate, dies, resigns, or is otherwise unable to perform the functions and duties of the office—
(1) the first assistant to the office of such officer shall perform the functions and duties of the office temporarily in an acting capacity subject to the time limitations of section 3346...
Trump doesn't like that, however. So, he's taking the CFPB to court.
The battle over leadership of a consumer watchdog [Consumer Federal Protection Bureau] created during the Obama administration is headed toward a federal court showdown Monday.
Leandra English, appointed as deputy director of the Consumer Financial Protection Bureau last week in an 11th-hour move by Richard Cordray, the bureau's departing chief, filed a lawsuit late Sunday seeking to block President Trump from naming his own pick to head the agency on an interim basis.
Since the CFPB is an independent agency and the vacancy issue for this particular agency was addressed in the law 9Dodd-Frank) establishing the Bureau, I don't think the Trump Administration stands a chance at over-riding the Acting Director appointment.
Thoughts...
Note: There's something more sinister at hand here, folks. IMO, the CFPB has been a good thing for consumers ensuring they don't get ripped off by big corporations. It's my opinion that Pres. Trump wants to put his hand-picked successor in the Director's chair so that said individual can begin to undermine the agency sooner rather than later. I also think Trump may be alittle worried he may not get a Senate confirmation considering the 2018 mid-terms are coming up and Mueller's Russia investigation is just starting to heat up.
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