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If Trump is allowed to destroy the Separation of Powers (“Checks and Balances”_, this is called dictatorship. Trump’s coup d’etat is ongoing.
Financial Svcs Dems @FSCDems
“By attempting to install Mr. Mulvaney [as Acting ‪@CFPB‬ Director], ‪#Trump‬ is once again trying to circumvent Congress to rush allies of ‪#WallStreet‬ into key positions to put their priorities first, at the expense of American consumers.”
” – ‪@RepMaxineWaters‬ ‪#DefendCFPB‬ https://twitter.com/FSCDems

The New York Swamp is a historic area of New York bordering the Financial District, and Goldman Sachs used to be located at the edge of it

Waters Statement on Trump’s Attempt to Install Mick Mulvaney as Acting CFPB Director

Washington, DC, November 25, 2017
Today, in response to President Trump’s attempt to appoint Mick Mulvaney to serve as Acting Director of the Consumer Financial Protection Bureau, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement:

“Richard Cordray appointed Leandra English as Deputy Director of the Consumer Bureau to ensure a smooth transition and operational stability at the agency. Ms. English should be allowed to serve as Acting Director until a Director is confirmed by the full Senate, consistent with the process articulated in the law that created the Consumer Bureau.

“Mick Mulvaney is an unacceptable candidate to lead the Consumer Bureau. As a member of the House Financial Services Committee, Mr. Mulvaney called the Consumer Bureau a ‘joke.’ He was also the original cosponsor of a bill to completely eliminate the Consumer Bureau, and supported other legislation to harmfully roll back Wall Street reform.

He has not only expressed noxious views about the important work that the Consumer Bureau does to protect hardworking Americans, he has also worked to destroy it.

It is clear that he would do the same if he were to serve as Acting Director.

By attempting to install Mr. Mulvaney in this post, Trump is once again trying to circumvent Congress to rush allies of Wall Street into key positions to put their priorities first, at the expense of American consumers.


In addition to the deep problems posed by Mr. Mulvaney’s clear hostility to consumer protection, it is inappropriate for Trump’s sitting Director of the Office of Management and Budget to simultaneously lead the Consumer Bureau, which is an independent agency. The Consumer Bureau’s Director also sits on the Board of the Federal Deposit Insurance Corporation and the Financial Stability Oversight Council, meaning that the White House would have an alarming degree of direct control over financial regulation, supervision, and enforcement.


The Consumer Bureau has returned $12 billion to nearly 30 million consumers who have been harmed by financial institutions, handled over 1.3 million consumer complaint about financial institutions, and made the financial marketplace fairer for all Americans. Its important work must not be undermined.”

Waters and 25 Democratic Members File Amicus Brief in Support of Acting CFPB Director Leandra English
Washington, DC, November 27, 2017
Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, and 25 current and former Democratic Members filed an amicus brief today with the D.C. Circuit Court of Appeals, arguing that Consumer Financial Protection Bureau Deputy Director Leandra English should serve as Acting Director of the Consumer Bureau until a Director is confirmed by the Senate.

“President Trump is entitled to choose who the next Director of the Bureau will be, but he must nominate that person, and the Senate must agree to confirm him or her,” the lawmakers wrote. “Until that happens, Dodd-Frank makes clear who should be running the Bureau: its Deputy Director.”

Ranking Member Waters was joined by 25 current and former Members of Congress in the brief, including House Democratic Leader Nancy Pelosi (D-CA), House Minority Whip Steny Hoyer (D-MD), Representative Carolyn B. Maloney (D-NY), Representative Nydia M. Velázquez (D-NY), Representative Brad Sherman (D-CA), Representative Michael E. Capuano (D-MA), Representative Gwen S. Moore (D-WI), Representative Keith Ellison (D-MN), Representative Jim Himes (D-CT), Representative Bill Foster (D-IL), Representative Dan Kildee (D-MI), Representative John K. Delaney (D-MD), Representative Denny Heck (D-WA), Representative Juan Vargas (D-CA), Representative Vicente Gonzalez (D-TX), Representative Charlie Crist (D-FL), Representative Ruben J. Kihuen (D-NV), Senate Minority Leader Charles E. Schumer (D-NY), Senator Sherrod Brown (D-OH), Senator Bob Menendez (D-NJ), Senator Elizabeth Warren (D-MA), Senator Brian Schatz (D-HI), Senator Chris Van Hollen (D-MD), Senator Catherine Cortez Masto (D-NV), and former Representative Barney Frank (D-MA).

See the full amicus brief here.

Trump-installed consumer agency head sets hiring freeze, halts new rules Posted:Tue, 28 Nov 2017 04:32:52 -0500
WASHINGTON (Reuters) – The fight for control of the U.S. consumer watchdog agency intensified on Monday as Mick Mulvaney, President Donald Trump’s pick to run the Consumer Financial Protection Bureau (CFPB), imposed a hiring freeze and halted any new regulations. http://feeds.reuters.com/~r/Reuters/PoliticsNews/~3/bJ4qcYLsS00/trump-installed-consumer-agency-head-sets-hiring-freeze-halts-new-rules-idUSKBN1DR1UD