TheMReport

MReport January 2018

TheMReport — News and strategies for the evolving mortgage marketplace.

Issue link: http://digital.themreport.com/i/920666

Contents of this Issue

Navigation

Page 65 of 67

64 | TH E M R EP O RT FINAL THOUGHTS Power Struggle When Richard Cordray resigned his post as Director of the CFPB at the end of November, few could have imagined we would still be witnessing the power struggle he set in motion in the new year.As the legality of who had the right to appoint an interim director remains in question—President Trump with Mick Mulvaney or Richard Cordray with Leandra English—all sides are weighing in on this debate. "Rumors that I'm going to set the place on fire or blow it up or lock the doors are completely false." Director of the Office of Management and Budget and Trump Appointee for Interim CFPB Director MICK MULVANEY "He made no secret of the fact that this action was an attempt to hand-select his successor." Justice Department Attorneys "I am filing this lawsuit to stand up for the CFPB." Cordray appointee for CFPB Interim Director LEANDRA ENGLISH "It is unfortunate that Mr. Cordray decided to put his political ambition above the interests of consumers with this stunt." White House Press Secretary SARAH HUCKABEE SANDERS "[Mulvaney] 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." Rep. Maxine Waters (D-CA)

Articles in this issue

Links on this page

Archives of this issue

view archives of TheMReport - MReport January 2018