Barney Frank: English should 'clearly' lead consumer bureau
Source: The Hill
BY BRETT SAMUELS - 11/27/17 08:32 AM EST
Former Rep. Barney Frank (D-Mass.), who co-authored the 2010 law that established the Consumer Financial Protection Bureau (CFPB), said Monday that Deputy Director Leandra English should "clearly" run the agency amid controversy over the appointment of Mick Mulvaney.
“When we wrote the law creating the CFPB, and we deliberately tried to give it some protection from the normal political process,” Frank said on CNN's "New Day."
English, who was tapped by former Director Richard Cordray to be the acting director, filed a complaint Sunday in the United States District Court for the District of Columbia against President Trump and Mulvaney, after the president nominated Mulvaney, the Office of Management and Budget Director, to lead the CFPB.
Passed in 2010, the Dodd-Frank Act established the CFPB and called on the bureau’s deputy director to serve as acting director between Senate-confirmed chiefs. Cordray promoted English, his chief of staff, to the deputy director position shortly before resigning from the bureau on Friday.
Read more: http://thehill.com/policy/finance/361922-barney-frank-english-should-clearly-lead-consumer-bureau
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big banks, corporations, and big campaign donors leaning on members of Congress to do their bidding and forget about the consumers it was created to protect.
