Business News
SACRAMENTO – California Attorney General Xavier Becerra has once again called on the Trump Administration to respect the Consumer Financial Protection Bureau’s independence.
Joining a coalition of 17 Attorneys General in filing an amicus brief, Attorney General Becerra underscored that, under law, the president may only appoint a new director for the CFPB by going through the normal Senate confirmation process.
That process would help ensure that the president appoints a director who is committed to protecting consumers from fraud, abuse, and unfair business practices, true to the CFPB’s mission.
The CFPB has returned more than $12 billion to American consumers since being created in the wake of the financial crisis. It was carefully crafted by Congress to be an independent agency.
“President Trump is attempting a hostile and illegal takeover of the Consumer Financial Protection Bureau. He has installed as acting director a man who has consistently sided with Wall Street over Main Street, and hardworking Americans have been suffering as a result,” said Attorney General Becerra. “In just three months in office, Mick Mulvaney has rolled back important consumer protections. Enough is enough. We are today making clear that the Trump Administration is not above the law and that the acting director of the CFPB should be Leandra English. The California Department of Justice has proudly worked with and defended this critical agency. We will continue doing so.”
On Nov. 24, 2017, CFPB Director Richard Cordray stepped down and Deputy Director Leandra English became acting director, pursuant to the law governing the CFPB.
That same day, President Donald Trump moved to politically appoint a known antagonist of the CFPB, the current Office of Management and Budget Director Mick Mulvaney, as the acting CFPB Director.
Among some of the most egregious actions Mick Mulvaney has taken to undermine the CFBP are:
– Jan. 18, 2018: Mulvaney drops lawsuit against payday lenders.
– Jan. 19, 2018: Mulvaney requests a total of $0 for the CFPB’s second-quarter budget.
– Jan. 25, 2018: Mulvaney delays rule that would have provided protections for consumers who use prepaid cards.
– Feb. 5, 2018: Mulvaney reportedly ends CFPB’s investigation of Equifax. In September, Equifax, one of the nation’s three major credit reporting agencies, announced that it had suffered a massive data breach, which affected 145 million Americans and over 15 million Californians.
In filing the amicus brief, Attorney General Becerra joined the attorneys general of Washington D.C, Connecticut, Delaware, Hawai'i, Illinois, Iowa, Maine, Maryland, Massachusetts, Minnesota, New Mexico, New York, Oregon, Rhode Island, Vermont, and Washington.
Last month, the U.S. District Court for the District of Columbia denied Deputy Director Leandra English’s motion for a preliminary injunction and left Mick Mulvaney in charge of the CFPB.
Deputy Director Leandra English appealed that decision, and the D.C. Circuit Court of Appeals has granted an expedited hearing.
Joining a coalition of 17 Attorneys General in filing an amicus brief, Attorney General Becerra underscored that, under law, the president may only appoint a new director for the CFPB by going through the normal Senate confirmation process.
That process would help ensure that the president appoints a director who is committed to protecting consumers from fraud, abuse, and unfair business practices, true to the CFPB’s mission.
The CFPB has returned more than $12 billion to American consumers since being created in the wake of the financial crisis. It was carefully crafted by Congress to be an independent agency.
“President Trump is attempting a hostile and illegal takeover of the Consumer Financial Protection Bureau. He has installed as acting director a man who has consistently sided with Wall Street over Main Street, and hardworking Americans have been suffering as a result,” said Attorney General Becerra. “In just three months in office, Mick Mulvaney has rolled back important consumer protections. Enough is enough. We are today making clear that the Trump Administration is not above the law and that the acting director of the CFPB should be Leandra English. The California Department of Justice has proudly worked with and defended this critical agency. We will continue doing so.”
On Nov. 24, 2017, CFPB Director Richard Cordray stepped down and Deputy Director Leandra English became acting director, pursuant to the law governing the CFPB.
That same day, President Donald Trump moved to politically appoint a known antagonist of the CFPB, the current Office of Management and Budget Director Mick Mulvaney, as the acting CFPB Director.
Among some of the most egregious actions Mick Mulvaney has taken to undermine the CFBP are:
– Jan. 18, 2018: Mulvaney drops lawsuit against payday lenders.
– Jan. 19, 2018: Mulvaney requests a total of $0 for the CFPB’s second-quarter budget.
– Jan. 25, 2018: Mulvaney delays rule that would have provided protections for consumers who use prepaid cards.
– Feb. 5, 2018: Mulvaney reportedly ends CFPB’s investigation of Equifax. In September, Equifax, one of the nation’s three major credit reporting agencies, announced that it had suffered a massive data breach, which affected 145 million Americans and over 15 million Californians.
In filing the amicus brief, Attorney General Becerra joined the attorneys general of Washington D.C, Connecticut, Delaware, Hawai'i, Illinois, Iowa, Maine, Maryland, Massachusetts, Minnesota, New Mexico, New York, Oregon, Rhode Island, Vermont, and Washington.
Last month, the U.S. District Court for the District of Columbia denied Deputy Director Leandra English’s motion for a preliminary injunction and left Mick Mulvaney in charge of the CFPB.
Deputy Director Leandra English appealed that decision, and the D.C. Circuit Court of Appeals has granted an expedited hearing.
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- Written by: Editor
KELSEYVILLE, Calif. – The Kelseyville Business Association will hold its 2018 membership drive and pasta feed on Monday, Feb.12, at 6 p.m., at the Kelseyville Senior Center.
Brian Fisher will be making a presentation of their exciting new Web site that is under development.
Anyone is welcome to come and view the presentation as it is indeed meant to boost and encourage new membership.
Participation is the key that drives the group’s progress and continues to improve Kelseyville’s image and appeal as a place to visit.
Seating capacity at this event is limited so you must RSVP in order to attend the pasta feed.
If you would like to join them just for the presentation, doors will be open to you at 7 p.m.
Please understand that if your name is not on the registration list you will not be able to join them until 7 p.m.
Tickets for the event are $15 per person and can be purchased ahead of time by visiting https://events.r20.constantcontact.com/register/eventReg?oeidk=a07ef23bene27096f23&oseq=&c=&ch=.
For further information please call, Helen Finch at 707-972-1807.
Brian Fisher will be making a presentation of their exciting new Web site that is under development.
Anyone is welcome to come and view the presentation as it is indeed meant to boost and encourage new membership.
Participation is the key that drives the group’s progress and continues to improve Kelseyville’s image and appeal as a place to visit.
Seating capacity at this event is limited so you must RSVP in order to attend the pasta feed.
If you would like to join them just for the presentation, doors will be open to you at 7 p.m.
Please understand that if your name is not on the registration list you will not be able to join them until 7 p.m.
Tickets for the event are $15 per person and can be purchased ahead of time by visiting https://events.r20.constantcontact.com/register/eventReg?oeidk=a07ef23bene27096f23&oseq=&c=&ch=.
For further information please call, Helen Finch at 707-972-1807.
- Details
- Written by: Editor
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