• Subscribe

Press Release: Cordray’s Final Action at CFPB Proves Agency Needs to Prioritize Consumer Protection, Not Politics

FOR IMMEDIATE RELEASE
CONTACT: Steve Burke, (703) 683-5004, ext. 1108 or sburke@crcpublicrelations.com

Leandra English’s Appointment Represented Attempted End-Run Around the President

On Friday, November 24, Richard Cordray appointed his chief of staff, Leandra English, as Deputy Director of the Consumer Financial Protection Bureau. This midnight appointment was intended to designate English as the new acting director of the agency once Cordray had officially resigned – serving as an attempted end-run around the President’s right to appoint Mick Mulvaney, currently serving as head of the Office of Management and Budget (OMB), as acting director.

Beau Brunson, Consumers’ Research’s Senior Policy Adviser, released the following statement on the CFPB:

“Consumers’ Research applauds President Trump’s appointment of Office of Management and Budget Director Mick Mulvaney as Acting Director of the CFPB and encourages Mr. Mulvaney to begin shifting the culture of the CFPB away from a politically-driven approach and toward evidence-based consumer protection.

Typical of his tenure, the departure of Richard Cordray is a miasma of politics, controversy, and litigation. By attempting to make a last minute appointment of an interim director, Mr. Corday once again put partisan politics ahead of the consumers that the agency is meant to protect. We expect the courts will quickly resolve this matter.”

According to both the U.S. Department of Justice Office of Legal Counsel and the General Counsel of the CFPB, nothing in the Dodd-Frank act supersedes the President’s authority under the Federal Vacancies Reform Act.

Washington, D.C., November 28 – Consumers’ Research, founded in 1929, is the nation’s oldest consumer organization that seeks to increase the knowledge and understanding of issues, policies, products, and services of concern to consumers. For more information, visit: http://consumersresearch.org/ and follow Consumers’ Research on Twitter at @ConsumersFirst.

Leave a Reply