Richard Cordray

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 …

Leandra English

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

AG candidate Renato Mariotti targets dodgy bank dealings

Renato Mariotti — who is a former federal prosecutor, self-confessed political outsider, and popular anti-Trump tweeter — told 50 States of Blue that …

Liberal View

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

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 …

Government

Cordray lands newly elected Doug Jones' national finance director

Fresh off raising funds for a stunning upset in Alabama, Antonia Koch is coming to work for Richard Cordray, a Democratic candidate for governor.<p>Koch …

U.S. Politics

Rendell endorses Democrat Connie Pillich for Ohio governor

Democratic gubernatorial candidate Connie Pillich got the backing of former Pennsylvania Gov. Ed Rendell on Tuesday, and the two plan on hitting the …

Elections

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 …

Leandra English

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 …

Leandra English

Harassment wave no boon for Ohio's woman governor candidates

As predictions increasingly fashion next year's Ohio governor's race as a faceoff between Democrat Richard Cordray and Republican Mike DeWine, a …

Elections

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 …

Leandra English

It's Not the Money, It's the Power

Checking in our nation's big banks.<p>One warning that everyone in Washington gave concerning the Abomination of Desolation tax bill was to keep a close eye on what happens to it in the conference committee tasked with reconciling the House and Senate versions of this particular dose of strychnine. …

Mick Mulvaney

Trump vows to punish Wells Fargo for 'bad acts'

President Trump has a message for Wells Fargo: We're not letting you off the hook.<p>"Fines and penalties against Wells Fargo Bank for their bad acts against their customers and others will not be dropped, as has been incorrectly reported," Trump tweeted on Friday.<p>Trump's comments about an ongoing …

Fraud

Trump promises to pursue Wells Fargo fraud with 'severe' penalties

WASHINGTON — President Trump promised Friday to pursue banks found to have committed fraud against their customers, disputing reports that his administration would backtrack on a $100 million fine levied against banking giant Wells Fargo.<p>"Fines and penalties against Wells Fargo Bank for their bad …

News (U.S.)

Trump's Wells Fargo tweet fuels regulatory independence concerns

The president's vow to come down hard on the San Francisco bank fans a debate about the independence of regulatory agencies such as the CFPB.

Sherrod Brown

CFPB Staff, You're Not Dumbledore's Army. You're Dolores Umbridge

Consumer Financial Protection Bureau employees, in an act of rebellion against their newly appointed acting director, have formed a group they call …

Conservative View

Ohio Supreme Court Justice Bill O'Neill should resign immediately, state bar association president says

CLEVELAND, Ohio -- The president of the Ohio State Bar Association said Friday that state Supreme Court Justice Bill O'Neill, who announced he will …

Cleveland

Ohio Supreme Court Justice Bill O'Neill Will Step Down in January to Run for Governor

Justice Bill O'Neill, he of the infamous hayloft tryst and the lone Democratic voice on the Ohio Supreme Court, will step down from the bench in …

Cleveland

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

Elizabeth Warren: A Woman of Principle, Baggage and Confusion

Elizabeth Warren may be a confused progressive, but she’s also a woman of principle. Her principles cost her a job she really wanted. They may cost …

Conservative View

Trump’s Allies Are Using Harry Potter to Dismantle the Deep State

It’s Mick Mulvaney versus “Dumbledore’s Army.”<p>Like virtually all of his Republican brethren, <b>Mick Mulvaney</b> has been decrying the Consumer Financial Protection Bureau since the day it came into existence, even going so far as to co-sponsor legislation in 2015 to scrap the agency entirely. Born out of …

Harry Potter

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 …

Leandra English

Ohio Supreme Court Justice Bill O'Neill says he'll resign as judge to run for governor

CLOSE<p>Who wants to be Ohio's next governor? At least four Democrats and four Republicans.<p>COLUMBUS - Ohio Supreme Court Justice Bill O'Neill says he …

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