Nov. 27, 2017, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement on the attempt by former director of the Consumer Financial Protection Bureau Richard Cordray to install his own successor moments before leaving office:
“Rogue Richard Cordray tried to circumvent the law and the authority of President Trump with a nasty political stunt and failed miserably. Not only is Mick Mulvaney rightfully the acting director of the Consumer Financial Protection Bureau, both the CFPB’s own General Counsel and the Justice Department have sided with the Trump Administration on this issue. The court now needs to quickly and forcefully reject Leandra English’s frivolous lawsuit and acting director Mulvaney needs to get to work to roll back the agency’s economy-crippling regulations that Richard Cordray left in his wake. That includes ending a 1,700-page rule to regulate short-term loans and discontinuing the largest government consumer database that currently monitors more than 87 percent of the consumer credit card market, endangering Americans’ financial privacy.
“Additionally, as I’ve stated before, Mulvaney’s appointment should not lessen Congress’ resolve to end the unconstitutional delegation of funding oversight authority that created this regulatory monstrosity of an agency.”
Attachments:
“Now that Richard Cordray is gone, it’s time to undo his work,” By Rick Manning, Nov. 20, 2017 at http://www.washingtonexaminer.com/now-that-richard-cordray-is-gone-its-time-to-undo-his-work/article/2640976
Interview Availability: Please contact Americans for Limited Government at 703-383-0880 ext. 100 or at media@limitgov.org to arrange an interview with ALG experts.
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