Trump’s Coup on Consumer Protection

The Consumer Financial Protection Bureau is in limbo as two people claim to be its new acting director. The outgoing head tapped Leandra English as his successor, but Donald Trump then appointed Mick Mulvaney, who has called the CFPB a “sick, sad” joke. NEP’s Bill Black appears on The Real News Network discussing the attack on CFPB. You can view here with a transcript.

One Response to Trump’s Coup on Consumer Protection

  1. Article II, Section 2 of the Constitution vests in the President the power to appoint officers of the United States with the advice and consent of the Senate. Congress may, by law, vest appointment of inferior officers in the president alone or in the heads of departments. In Dodd-Frank, Congress exceeded this grant, authorizing the director of the CFPB to appoint an acting department head to complete the remainder of his term. The acting department head, exercising the powers and prerogatives of the department head, is not an inferior officer.