At the end of Thanksgiving week, controversial director of the Consumer Financial Protection Bureau, Richard Cordray, stepped down and abruptly announced that his chief of staff, Leandra English, would temporarily replace him. Hours later, President Trump named Mick Mulvaney, current director of the Office of Management and Budget, to the same post. But now, English has filed a lawsuit claiming she is the “rightful acting director.” Ted Frank, director of CEI’s Center for Class Action Fairness, criticized these maneuvers by Cordray and English.
“That a mid-level bureaucrat can defy the president, Department of Justice, and the CFPB general counsel to sue to take over a powerful agency against the law and their wishes shows the monstrous unconstitutionality of Dodd-Frank,” said Frank.
Related: Protecting Consumers from Fraud and Abuse by Iain Murray, for the Washington Times