Tag: Consumer Financial Protection Bureau

David French of National Review and Chad Benson of Radio America fill in for Jim Geraghty and Greg Corombos. They commend Justice Roberts for joining the four liberal justices to protect Americans’ civil liberties from warrantless cell phone searches. They also consider the affects of incessant and inappropriate protesting. And they compare Trump’s new family detention policy to Obama’s, finding a difference only in outrage from activists and the media.

A question over who’s in charge of the Consumer Financial Protection Bureau (CFPB) has led to a standoff between the Trump administration and the Rebel Alliance: independent-minded CFPB staffers who believe they don’t report to the president. Hoover fellow Adam White discusses Trump’s battle with the administrative state, what 2018 could bring in regulatory reform, and whether the pace will pick up on Trump judicial nominees.

The Battle of the CFPB

 

While everyone was sleeping off their turkey hangovers on Friday, high drama was going down in DC. That’s when the director of the Consumer Financial Protection Bureau, Richard Cordray, stepped down from his position. On his way out the door, he named CFPB Chief of Staff Leandra English as deputy director, intending that she would be acting director.

President Trump, of course, had other ideas. He named White House Budget Director Mick Mulvaney, a CFPB critic, to be interim director until a replacement is nominated and approved by the Senate.

So who is in charge? Depends who you ask. Democrats say it should be English. The text of the law says that the “deputy director shall be appointed by the director; and serve as acting director in the absence or unavailability of the director.” The Trump administration disagrees. They say the 1998 Federal Vacancies Reform Act gives Trump the power to make temporary appointments to agencies like this.

Obama, a Modern-day Lucius Mummius Achaicus?

 

The number of Obama Administration attacks on private industry are simply too numerous to count. A Google search of the Environmental Protection Agency’s “War on Coal” produces more than 2.8 million results! But the onslaught isn’t reserved only to the energy industry. The private sector “zone” is so flooded by relentless federal pressure that many of these regulatory crusades fail to get noticed anymore.

One such Presidential war that has largely escaped notice is the effort to obliterate for-profit higher education which the free market produced to fill in the gaps in service from the public and non-profit universities.