Leandra English

California Inc.: Vote coming on GOP tax plan that could put hit on state economy

Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section.<p>I'm Business columnist David Lazarus, and here's a rundown of upcoming stories this week and the highlights of last week.<p>Investors are still digesting the flurry of news from recent days. Disney swallowed the …

Richard Cordray

Credit union seeks preliminary injunction in SDNY case challenging Mulvaney’s appointment as CFPB Acting Director; parties submit opposing briefing schedules

As we’ve reported, Lower East Side People’s Federal Credit Union (“People’s”), filed suit in the Southern District of New York to block Mick …

Law

Battle Over Bank Watchdog Whiffs on the Law

Trump can pick a Consumer Financial Protection Bureau chief. He just can't pick Mick Mulvaney.<p>President Donald Trump says he has the legal right to put his budget director in charge of the agency that enforces consumer protection rules for banks. Democrats say that the outgoing director gets to …

Government

Democrats lamenting Trump policies now see Dodd-Frank’s problems

Supporters of the Dodd-Frank Act are crying “foul” over the appointment of a Trump administration official as acting head of the Consumer Financial …

Barney Frank

Former Trump administration officials, from Comey to Omarosa

Omarosa Manigault Newman will leave her position with the Trump administration in January, the White House said.<p>Manigault Newman’s resignation as the communications director for the White House Office of Public Liaison will be effective in January 2018, White House press secretary Sarah Sanders …

U.S. Politics

The Fight to Control the CFPB Isn’t Over Yet

Weeks into a legal and political dispute at the Consumer Financial Protection Bureau, the case of the two popes is far from being settled. There are …

Mick Mulvaney

Blue State AGs Tell Trump They'll Be Watching Mulvaney's CFPB

A group of Democratic state attorneys general told President Donald Trump they’re prepared to take matters into their own hands if the administration …

Business

Dem attorneys general blast Trump for Mulvaney appointment to consumer bureau

Led by New York Attorney General Eric Schneiderman (D), the state law enforcement chiefs said they’d fight any attempt from Trump to weaken the …

Eric Schneiderman

CUNA Supports Mulvaney as Acting CFPB Director

On December 12, the Credit Union National Association (“CUNA”) filed an amicus brief in D.C. Federal District Court. In the brief, CUNA opposes …

Law

Trump’s tweet proves he won’t let CFPB stay independent: suit

President Trump’s surprise tweet last week that threatened higher fines for Wells Fargo is proof that he has no plans to let the Consumer Financial …

Business

Mr. Trump's First Coup Attempt

In the last week of November, Donald Trump launched a coup attempt at the Consumer Financial Protection Bureau (CFPB, or “the Bureau”). In direct violation of federal law, he purported to install a man under his direct control – Office of Management and Budget (OMB) Director Mick Mulvaney, whom he …

Richard Cordray

New OFCCP Director Identified

Article By<p>Laura A. Mitchell<p>Jackson Lewis P.C.<p>Affirmative Action & OFCCP Law Advisor Blog<p>Labor & Employment<p>All Federal<p>Printer-friendly<br>• Email this …

Law

Five amicus briefs in support of Leandra English filed in CFPB Acting Director dispute

Five amicus briefs were filed last Friday in support of the motion for a preliminary injunction filed by Leandra English in her action seeking a …

Law

Leandra English Hangs On

The would-be CFPB usurper still refuses to leave the office.<p>More than a week ago, a federal judge denied Leandra English’s request to block President Trump from naming someone else to run the Consumer Financial Protection Bureau, but the George Costanza of federal bureaucrats still won’t leave. …

Mick Mulvaney

President Trump’s Democratic Opponents Ranked

The best and worst the Democratic party has to offer in 2020<p>CNN informs me there are “at least” 22 Democrats thinking of running for president in …

Elections

States back challenge to Trump's pick to lead consumer bureau

18 AGs are filing a brief to challenge @POTUS’s appointment of Mick Mulvaney as @CFPB Acting Director. pic.twitter.com/P4iGDdzlkR<p>— Eric Schneiderman …

Mick Mulvaney

Trump says Wells Fargo’s penalties for ‘bad acts’ could be ‘substantially increased’

<i>This story has been updated with news about a legal brief filed by Democratic state attorneys general, challenging President Trump’s appointment of an acting director to lead the Consumer Financial Protection Bureau.</i><p>President Trump on Friday lashed out against Wells Fargo, insisting that fines …

Mick Mulvaney

Wells Fargo sanctions are on ice under Trump official - sources

The new acting head of the U.S. consumer finance watchdog is reviewing whether Wells Fargo & Co should pay tens of millions of dollars over alleged …

Wells Fargo

Exclusive: Wells Fargo sanctions are on ice under Trump official - sources

WASHINGTON (Reuters) - The new acting head of the U.S. consumer finance watchdog is reviewing whether Wells Fargo & Co (WFC.N) should pay tens of millions of dollars over alleged mortgage lending abuse, according to three sources familiar with the dispute.<p>The San Francisco-based bank said in …

Law

Help Wanted---More Than Ever

Small businesses are planning a record-breaking hiring binge, according to the latest monthly jobs report from the National Federation of Independent Business. The big challenge is finding workers to fill the new jobs. In November the firms surveyed were not able to expand their workforces.<p>Among …

Opinion

Deputy Renews Fight for Temporary Control of CFPB

Leandra English, second-in-command at the Consumer Financial Protection Bureau, has renewed her bid to wrest temporary control of the agency from …

Richard Cordray

VIVA LA CFPB II: If CFPB Rebels Needed A Leader, It'll Probably Be Non-Acting Director Leandra English

Okay—the leadership change at the Consumer Financial Protection Bureau has reached absurd heights. Richard Corday decided to resign in November; he’s …

Conservative View

Payday lender’s IPO gets a ‘meh’ from Wall St.

Payday lenders aren’t getting much traction on Wall Street.<p>Curo Financial, which operates controversial loan firms like Speedy Cash that typically …

Business

CFPB Acting Director Institutes Suspension of Data Collection, Reveals Plans to Bring in More Political Appointees, and Announces Review of Pending Enforcement Matters

Acting CFPB Director Mick Mulvaney made three important announcements this week. First, on December 4, he announced a suspension of the agency’s …

Law

Meet Leandra English, The GOP's Latest Boogeyman

What are Republicans so afraid of?<p>Over the past two weeks, conservative media has been warning of a new menace loose in the corridors of Washington, a “rogue” agent “burrowing” into the federal bureaucracy to mount a “coup” that could shatter the rule of law and shred the Constitution in a deranged …

News (U.S.)

Disgruntled employees at the top consumer watchdog formed 'Dumbledore's Army' to resist their Trump-appointed boss

• <b>Several staffers at the Consumer Financial Protection Bureau have formed a resistance group they've named "Dumbledore's Army," The New York Times reported Wednesday.</b>• <b><br>It's the latest sign of turmoil at the agency, which is locked in a leadership battle after its outgoing director and President Donald</b> …

U.S. Politics

Have You No Sense of Decency, Senator Warren?

This year’s strangest political story may be Elizabeth Warren’s attempted coup of the Consumer Financial Protection Bureau, the federal agency …

Government

Trump Cracks Down On Out Of Control Agency, So 'Dumbledore's Army' Forms To #Resist Him

President Trump has already been the most conservative president in recent history in regard to his handling of regulations, slashing them at a …

Conservative View

Credit union sues to block Mulvaney from leading CFPB

WASHINGTON (Reuters) - A federal credit union has sued to block President Donald Trump from installing Mick Mulvaney as his preferred head of the U.S. Consumer Financial Protection Bureau.<p>Citing "regulatory chaos" caused by the fight over who is the legal leader of the regulator, the Lower East …

Mick Mulvaney

Commentary: How the CFPB Fight Is a Sign of the Next Financial Crisis

The Consumer Financial Protection Bureau (CFPB) was created after the 2007–08 financial crisis as an independent watchdog for the public. The crisis …

Liberal View