Posted on by Californiacontrarian

Out With the French, In With the New

Prior to a few days ago I had never heard of CFPB, and therefore was at a loss when CFPB was in the headlines. However, in the last few days the CFPB, which was created as part of the Dodd Frank Act of July, 2010, has been in the news quite a lot. So I decided to do a little investigating.
Before I actually started to become informed about the CFPB I saw a picture of Nancy Pelosi, Chuck Schumer, Elizabeth Warren (D,Ma), and Leandra English accompanied by a tweet by Nancy Pelosi which said, “Incredibly thankful for the determination of Leandra English, the rightful Acting Director of @CFPB # Defend CFPB.”
There were so many things here that I did not understand:
Who is Leandra English, and what is she so determined about?
What is the CFPB?
And finally what does the ‘#’ stand for or mean?
However one thing that I knew for sure – if a photo has Warren, Pelosi, and Schumer together with Leandra English – I would never buy a car from Ms. English!

The CFPB stands for Consumer Financial Protection Bureau. It turns out that the Consumer Financial Protection Bureau was the brainchild of Elizabeth Warren before she was elected to the Senate. Although it is possible that this “Bureau” was created with the best intentions, it was actually designed to act as an agency free of constitutional restraint. The director was appointed to a nonrevocable five year term and it was funded by Federal Reserve profits so that its budget could not be cut by Congress.
Every thing went along as probably envisioned by its creators until October 2016 when the D.C. Court of Appeals found that the structure of the CFPB was unconstitutional, and empowered the president to remove the agency’s director at will. The next chink in the armor of the CFPB came in November, 2016 when Donald Trump was elected. In December, 2016 a very long article was written by Richard Rubin, in the National Review. Mr. Rubin had worked as an attorney at CFPB, and basically he characterized it as an organization that would initially shake down companies into million dollar settlements. Then the CFPB would then redirect millions of dollars into pockets of firms connected to top-tier Democrats. Aha! Now I get the picture of the picture of Warren, Schumer, Pelosi, and Ms. English together, arm in arm.
To make a long story even longer, the outgoing partisan director of CFPB, Richard Cordray (a big bud of Elizabeth Warren) appointed Leandra English as the acting director before he left. Now perhaps the thought was that since any newly appointed director would have to undergo Senate confirmation first, that Ms. English would have months, if not years , as the Acting Director. However, President Trump outsmarted those that thought that they were so smart, by appointing Mike Mulvaney as the Acting Director of CFPB. A brilliant move as Mr. Mulvaney had already been confirmed by the Senate, albeit to a different position, and according to the D.C. Court of Appeals (2016), the President has the authority to name the director.
Mr. Mulvaney brought doughnuts to the CFPB on Monday morning, Nov. 27, 2017 and assumed his position as Acting Director of CFPB.
The Democrats, of course, filed suit to stop Mr. Mulvaney from assuming his rightful position. I say “of course” because the Democrats file suit every time President Trump does anything that they do not like!
Hallelujah!! This time a federal judge ruled in favor of the Constitution, and Ms. French is out, and Mr. Mulvaney is in.

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