Warner, Kaine join 44 senators urging Trump to nominate aggressive consumer watchdog

08 Décembre, 2017, 01:20 | Auteur: Auguste Feret
  • Watchdog or lapdog The future of the CFPB is in doubt

A federal credit union in New York City has sued President Donald Trump, saying his acting director of the Consumer Financial Protection Bureau is "trying to minimize its existence".

In their letter, the senators cited the CFPB's much-needed "aggressive enforcement and supervision", which has resulted in $12 billion in relief to 29 million American consumers who were cheated by financial companies. However, Trump immediately named current Office of Management and Budget Director Mick Mulvaney [official profile] as the acting director until he could confirm a permanent director through the Senate.

In his first act as part-time acting director, Mulvaney moved to freeze the payments to working Americans who've been cheated.

Confirmation attendue face au Paraguay — Bleues
Pour leur quatrième rencontre du Mondial 2017 les Françaises n'ont pas fait mieux qu'un match nul 25-25 face à l'Espagne. Aujourd'hui. - Poule A : Slovénie - Angola (14 heures); France - Paraguay (18 heures); Roumanie - Espagne (20h30).

Valve décide d'abandonner le Bitcoin malgré sa récente explosion !
Steam n'acceptera donc plus, du moins dans l'immédiat, les paiements en Bitcoin . Finalement ils rendent l'achat de jeux sur Steam déraisonnablement onéreux .

Louvre Abu Dhabi to display Leonardo's 'Salvator Mundi'
Buyers from the Middle East and Asia have been snapping up masterpieces to fill regional museums in China and the Middle East. The painting was sold again in 1958 and then acquired in 2005 by a consortium of art dealers who paid less than $US10,000.

The deputy director argues in the new filing that Mulvaney is ineligible to run the CFPB because of the line of succession established in Dodd-Frank.

The full text of the letter is available here. English also claims Mulvaney's appointment violates the Federal Reserve's independence since the CFPB was created within the Fed system and Mulvaney is a senior White House aide.

The law's architects, former Sen. Cordray's resignation triggered this provision, and, English argues, Trump has sought to bypass this statutory requirement by using the Federal Vacancies Reform Act [text] to appoint an Acting Director from outside the CFPB.

Conseillé:



Populaire

Are You Familiar with Analyst's Recommendation?: Walgreens Boots Alliance, Inc. (WBA)
The sales growth rate for a stock is a measure of how the stock's sales per share (SPS) has grown over a specific period of time. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend.

Hugh Jackman Passed On Playing James Bond
However, the actor felt the franchise wasn't gritty enough at the time and made a decision to opt out of portraying James Bond . He further added how he did not get any choice at that time as he said, "And the response was: 'Oh, you don't get a say".

Eminem reveals Ed Sheeran and Pink collaborations for Revival album
Eminem's fans are desperate to find out if he is going to bring back his Slim Shady alter ego. The two artists previously worked together on " Revenge " from P!nk's Beautiful Trauma .

Davidse overcomes illness to lead Joburg Open
I have a friend who is a member‚ so I played a round with him on the Firethorn course. It's not like I'm shocked. "I'm obviously very happy", he said.

Airtel, Intex partner for 4G phone at an effective price
In order to get the cashback , the customers are required to make 36 continuous monthly recharges with Rs. 169 pack from Airtel . The recently Intex Aqua Lions N1 is the cheaper smartphone of the three and comes at an effective price of just Rs 1649.

German SPD leader Martin Schulz seeks 'United States of Europe' by 2025
What next for Germany as Merkel myth implodes? Mrs Merkel could form a minority government with the Greens, with SPD support. Mrs Merkel said in response that her goal was better co-operation between countries, not a federal Europe.

Serena Williams Reveals She Gets 'Emotional' Thinking About Ending Breastfeeding
So, it was fitting that the tennis champion took to social media to crowd source opinions from fellow moms about breastfeeding. The new mum has been sharing updates from her first months with her little one. "What a year it has been", she began.

Activision Blizzard Incorporated (NASDAQ:ATVI) Can't Be Less Risky. Short Interest Decreased
Nicholas Investment Partners LP increased its holdings in shares of Activision Blizzard by 26.9% during the 3rd quarter. KeyBanc Capital Markets maintained the shares of ATVI in report on Thursday, November 5 with "Overweight" rating.

Erdogan helped Iran evade United States sanctions, Zarrab claims
Mehmet Hakan Atilla, an executive at Turkey's state-owned Halkbank, is on trial in Manhattan federal court. Zarrab said he paid bribes to Aslan, repeating his testimony in direct examination, but never to Atilla.

Slave Trade: AU announces plan to repatriate 20000 migrants from Libya
The Federal Government has identified 5,000 more Nigerians trapped in Libyan detention camps. Henry is also proficient in use of most online journalism tools and Social media management.