President-elect Joe Biden will reportedly nominate Rohit Chopra, an ally of Massachusetts Sen. Elizabeth Warren, to lead the Consumer Financial Protection Bureau.
Chopra is a member of the Federal Trade Commission (FTC), and if confirmed by the Senate would take over an agency that he helped create alongside Warren approximately a decade ago. Chopra’s selection was first reported by Politico, which cited four individuals with knowledge of the decision. Read More
Senator Elizabeth Warren (D-MA) may no longer be running for president, but her agency lives on.
The Consumer Financial Protection Bureau (CFPB) doesn’t want to be controlled by the Trump Administration. The Supreme Court might end the agency’s streak of independence later this year. Ostensibly, the CFPB aims to protect ordinary Americans from untoward business practices. Instead, it only advances left-wing causes and identity politics.
Warren proposed the CFPB in 2007 when she was a Harvard law professor. President Barack Obama established it in 2010. It is supposed to protect Americans from malpractice in the financial industry, yet the CFPB’s main task during the Obama Administration was fighting “disparate impact.” Disparate impact is a legal concept that considers racially disproportionate outcomes as evidence of discriminatory policies, even if the policies had no discriminatory intent and were administered objectively. Read More
Democratic-hopeful Richard Cordray recently announced in his bid for Ohio’s governor seat that he intends to enact failed policies from his time at the Obama administration’s Consumer Financial Protection Bureau (CFPB). In April, it was revealed that under Cordray’s direction the CFPB allegedly faced at least 1,000 different hacks, including… Read More
by Norbert Michel The Trump administration has nominated Kathy Kraninger to be the next director of the Consumer Financial Protection Bureau, and Roll Call reports that her confirmation hearing was “as politically contentious as it’s gotten in the last year and a half” on the otherwise “senatorial Senate Banking Committee.” Ignore the… Read More
President Donald Trump plans to nominate Kathy Kraninger, associate director of the Office of Management and Budget, to head the Consumer Financial Protection Bureau, which seeks to prevent financial abuses to consumers. In a statement Saturday, the White House said Kraninger would continue the efforts of the current CFPB chief,… Read More
President Trump’s acting head of a federal consumer bureau proposed Monday to bring congressional oversight to the Obama-era agency that’s often criticized for its far-reaching regulating of the lending industry. Mick Mulvaney, installed by Mr. Trump late last year to run the Consumer Financial Protection Bureau, said the agency should… Read More
By Printus LeBlanc A slew of recent reports painted an unflattering picture of the Consumer Financial Protection Bureau (CFPB). These are the latest in a long line of suspect actions by the unconstitutional agency. It is time to do something about Sen. Elizabeth Warren’s (D-Mass.) pet agency. In December,… Read More
Interim Consumer Financial Protection Bureau Director Mick Mulvaney said Thursday that he wants to bring more Trump political appointees on board at the agency as he pores over its books and considers halting dozens of pending cases targeting businesses. “We’re trying to get help over here,” Mr. Mulvaney told The… Read More
Declaring President Donald Trump’s pick for acting director of a government watchdog agency an “imposter,” self-appointed leaders of “The Resistance” argued Tuesday that the president has in the executive branch, which he heads. Organized by the Progressive Change Campaign Committee and featuring a parade of leftist speakers, the rally outside… Read More
A federal judge Tuesday sided with the Trump administration in a dispute over control of a federal consumer agency, denying a temporary restraining order to halt President Trump’s pick for acting director. U.S. District Judge Timothy Kelly rejected a request by Leandra English, an employee who claimed to be acting… Read More
Leandra English, the new acting director of the Consumer Financial Protection Bureau appointed by outgoing director Richard Cordray over the Thanksgiving weekend, has filled a key role during many of the crises that have gripped the six-year agency, according to a Daily Caller News Foundation investigation. English was a key… Read More
Leandra English, the deputy director of the Consumer Financial Protection Bureau (CFPB), sued President Donald Trump and White House Budget Director Mick Mulvaney late Sunday to secure control of the agency, claiming she is the lawful interim successor to former CFPB Director Richard Cordray. Cordray’s resignation last week prompted a… Read More
President Trump named the White House’s top manager to be the acting director of the Consumer Financial Protection Bureau late Friday, setting up a clash with the panel’s anti-Trump bureaucrats who have named their own person to lead the agency. Mr. Trump picked Office of Management and Budget Director Mick… Read More
The Trump administration is taking aim Monday at a new rule issued by the Consumer Financial Protection Bureau that would expand class-action lawsuits against banks, saying it will impose legal defense costs of more than $500 million per year on employers and provide little or no relief for consumers. A… Read More
Congress’ power of the purse is one of its bedrock responsibilities listed in Article 1 of the Constitution. The Supreme Court has reaffirmed this power on several occasions, including in a 1976 case when the Court declared, “The established rule is that the expenditure of public funds is proper only… Read More
ANALYSIS/OPINION: Be wary whenever a federal agency issues a professedly benign regulation. Even the devil can quote scripture. Under the Administrative Procedure Act (APA), 5 U.S.C. 553(e), federal agencies are required to “give . . . interested person[s] the right to petition for the issuance, amendment, or repeal of a… Read More
Pay is flowing so generously at the Consumer Financial Protection Bureau (CFPB) that bureaucrats receive more than most members of Congress. The Senate majority and minority leaders are paid $193,000 annually. Two hundred and one CFPB employees outdo Sens. Mitch McConnell and Charles Schumer in pay. Speaker of the House… Read More