Make Sure You Watch The Video:

OMB Director Mick Mulvaney is covering as ‘Acting Director‘ for the Consumer Financial Protection Bureau (CFPB) until a permanent replacement is nominated by President Trump.  As most people are aware the Democrats are apoplectic about their holy grail bureau being under oversight of Mr. Mulvaney.  As evidence of their angst they are supporting legal maneuvers to stop the Trump administration from carrying authority within the agency.
The Department of Justice, White House Office of Legal Counsel (OLC), agreed with President Trump’s authority to appoint an ‘acting director’.  The legal counsel within the CFPB also agreed that President Trump was well within his authority to appoint Mulvaney.   However, that didn’t stop bureau employee Leandra English from filing a weakly positioned lawsuit trying to stop Director Mulvaney.
A federal judge listened to the argument of CFPB employee Ms. English a few hours ago. Judge Tim Kelly did not make an immediate ruling.  Instead, the DOJ will file a response to the pleading later tonight and Judge Kelly said he’ll take a look and make a decision from there.
The CFPB is the product of far-left progressives, specifically Elizabeth Warren, initially setting up a financial control agency that operates without congressional oversight. The Bureau construct was challenged in court and ruled ‘unconstitutional’.  That’s the backdrop for this press conference today with Acting Director Mick Mulvaney.

“Only one person who today showed up at work claiming to be director.”  “She wasn’t here.”   “In the ordinary world, if you don’t call, you don’t show, you don’t have a job the next day, but I’m not sure how it works here.”

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BACKSTORY:

• CFPB Financial Control Schemes
• President Trump appoints Mick Mulvaney as interim director for CFPB
• Elizabeth Warren goes bananas.
• DOJ Office of Legal Counsel agrees with President Trump
• CFPB Internal Legal Counsel Agrees with President Trump

Everything you need to know to understand the Consumer Financial Protection Bureau back-story is contrast against Mick Mulvaney and Leandra English today.   Director Mulvaney goes to the CFPB office to review the CFPB transition guidance, while Leandra English runs to a meeting on capital hill with Senator Chuck Schumer and Senator Elizabeth Warren.
Mr. Mulvaney is focused on the job and tasks at hand. Ms. English is focused on the internal politics within DC. ‘Nuf said.  Pretty obvious where each establishes their priorities.

Last night CFPB employee Leandra English (pictured above) filed a lawsuit to install herself as the acting director of the CFPB.  This action was despite the legal guidance by the department’s own top lawyer Mary McLeod who informed all CFPB employees that President Trump has the legal authority to appoint the interim director of the agency:
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What’s this? …MORE winning?  …Sheesh.  Well, just add it to the pile in the corner over there, along with all the other winning we haven’t got around to yet.
The internal legal counsel for the Consumer Financial Protection Bureau (CFPB) has just agreed with the White House Office of Legal Counsel that President Trump has full authority to appoint OMB Director Mick Mulvaney as the acting head of the agency.
Oh noes, Princess Moonbat Feathers is gonna have a ‘splodey head in 3…. 2…. 1…

WASHINGTON (Reuters) – The top lawyer for the U.S. Consumer Financial Protection Bureau (CFPB) has concluded that President Donald Trump has the authority to name its acting director, three sources familiar with the matter said on Sunday, rejecting an effort by her former boss at the agency to name his immediate successor.
The office of CFPB General Counsel Mary McLeod has prepared a memo concurring with the opinion of the U.S. Justice Department that Trump has the power to appoint his budget chief, Mick Mulvaney, as temporary leader of the federal watchdog agency, according to the sources, who spoke on condition of anonymity.
One source said the memo would be sent to CFPB staff on Monday.

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There’s an extensive back story to this issue: Part I, and Part II, and Part III

(President Trump Tweet Link)

The Director of the Consumer Financial Protection Bureau, Richard Cordray, has resigned. Senator Elizabeth Warren does not want President Trump to appoint an interim replacement.  President Trump has announced OMB Director Mick Mulvaney will be the “acting” head of the agency until he nominates a permanent replacement for senate confirmation. Senator Warren wants to take President Trump to court to stop him filling the interim position.
The U.S. Dept. of Justice, Office of Legal Counsel (OLC), has provided legal guidance (full pdf outline of opinion below), and decided that President Trump clearly has the authority to appoint the acting Director.  Senator Elizabeth Warren is going bananas.
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The Consumer Financial Protection Bureau (CFPB) was the brainchild of Senator Elizabeth Warren as an outcome of the Dodd-Frank legislation. With the CFPB Pocahontas tried to set up the head of the agency, the Director, in a manner that that he/she would operate without oversight. Unfortunately, her dictatorial-fiat-design collapsed when challenged in court.  Backstory #1 – Backstory #2
A federal court found the CFPB Director position held too much power and deemed it unconstitutional. The court decision noted that giving the President power to fire the Director would fix the constitutional problem.
However, with the prior court ruling as a backdrop, a second issue for Warren surfaces as an outcome of the current CFPB Director, Richard Cordray, resigning and President Trump appointing an ‘interim’ head for the agency.
Senator Warren, apoplectic at the thought of CFPB critic Mick Mulvaney acting as head of the agency, wants the Deputy Director,  Leandra English, to become Acting Director and points to Warren’s legislative outline as evidence to support her demand. Except it doesn’t…. not even a little bit.

(WARREN LINK)

The language Pocahontas points to in the CFPB construct, points to the Deputy Director filling in during the “absence” or “unavailability” of the Director. The statute clearly does not provide a mechanism when the Director position is “Vacant”.
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The White House releases the official announcement that OMB Director Mick Mulvaney will head up the Consumer Financial Protection Board until a replacement is confirmed.  As previously discussed – notice the verbiage:

WHITE HOUSE – Today, the President announced that he is designating Director of the Office of Management and Budget (OMB) Mick Mulvaney as Acting Director of the Consumer Financial Protection Bureau (CFPB). The President looks forward to seeing Director Mulvaney take a common sense approach to leading the CFPB’s dedicated staff, an approach that will empower consumers to make their own financial decisions and facilitate investment in our communities. Director Mulvaney will serve as Acting Director until a permanent director is nominated and confirmed.  (link)

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Everyone is aware how apoplectic the Democrat loonery became when their best laid schemes to put Hillary in the White House ran into the reality of electoral Cold Anger carried by the deplorables.  Lots has been written about the gobsmacked reaction to the election, yet few have outlined the underlying policy reasons for the scope of the panic.
The desperate need for post-election control showcased the lefts’ reaction to fear.  However, it is only by looking at the policy groundwork they lost where a political observer can evaluate the scale of defeat.  Democrats created a continuum pathway that is now entirely controlled by the very nemesis of their controlling belief system.

In a largely under-reported story last week, President Trump installed OMB Director Mick Mulvaney as interim head of the Consumer Financial Protection Bureau, the CFPB.
The CFPB was created to establish power and control over almost every financial transaction in the United States.  But it is only when you review how Elizabeth Warren and the control agents structured the czar head of the CFPB that you recognize the scale of the intent carried within the construct.
When Senator Elizabeth Warren and crew set up the Director of the CFPB, in the aftermath of the Dodd-Frank Act, they made it so that the appointed director can only be fired for cause by the President.
This design was so the Director could operate outside the control of congress and outside the control of the White House.  In essence the CFPB director position was created to work above the reach of any oversight; almost like a tenured position no-one could ever remove.
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There’s essentially five candidates being discussed for Federal Reserve Chair: •Stanford University economist, John Taylor; •current Chair, Janet Yellen; •economic adviser, Gary Cohn; •former Fed Governor, Kevin Warsh; and the most likely pick •Federal Reserve Governor Jerome Powell.
More than likely two candidates from this group of five will be selected; one for Federal Reserve Chair and one for the currently open Vice-Chair.  WATCH:

On Tuesday of this week the Senate voted, narrowly, to strike down a CFPB banking rule that was set to begin in 2019.  The CFPB (Consumer Financial Protection Bureau), is the watchdog financial agency created by Congress in the aftermath of the mortgage mess.
The CFPB rule, five years in the making, would have allowed individual and class action lawsuits against financial institutions by consumers and lawyers instead of arbitration to settle disputes.  The Democrats and those who supported the rule framed the arguments around protecting consumers from predatory banks. However, those against the rule pointed out the cost to smaller banks, community banks and credit unions.
Big banks and multinational financial enterprises (ie. The Big Club) can afford massive groups of lawyers to defend their interests; smaller community banks and credit unions cannot afford such litigious costs.  The K-Street lobbyists were against the regulatory rule as a natural outcome of their general disposition toward regulation.  However, K-Street was specifically ambivalent to the final senate vote because increased systemic regulation supports their competitive ability to dominate the U.S. financial system.

Richard Condray is the head of the Consumer Financial Protection Bureau and was appointed in 2012 to a five year term by President Obama.  Condray is anticipated to step down soon and run for Ohio governor.  President Trump will appoint his replacement and will likely appoint someone who is focused on protecting consumers but also understands the important need to expand capital investment into Main Street USA.

President Trump’s political opposition will frame any appointee as a person likely to remove regulation; thus will continue their political argument that POTUS Trump is removing all of the regulatory “progress” installed by President Obama. However, those who have followed the goals and objectives of President Trump and Secretary Mnuchin will note the administration regulatory goals are inherently different from all prior approaches.

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There has been a great deal of political consternation and talking points about U.S. aid, or the lack thereof, delivered to Puerto Rico.  Indeed, San Juan Mayor Carmen Yulín Cruz Soto has been a favorite of Democrats and liberal U.S. media as a spokesperson for claims the U.S. has not done enough for the island’s people.
However, a disturbing video shows Puerto Rico’s Secretary of State showing boxes and boxes of food, water and supplies being discarded by Puerto Rican officials in dumpsters, obviously not reaching the intended residents.