The Trump administration asks the Supreme Court to rise to the challenge of the consumer office



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The Trump administration and the Bureau of Consumer Financial Protection (CFPB) on Tuesday urged the Supreme Court to sue to challenge the constitutionality of the agency.

The main lawyers of the Ministry of Justice and the CFPB pleaded in a brief filed on Tuesday that the structure of the powerful financial supervisor encroaches on the executive power of the president.

The lawyers urged the Supreme Court to take up a case that could have potentially fatal consequences for the CFPB, putting an end to or weakening its efforts to control the financial sector.

"The structure of the Bureau, including the restriction for just cause of the dismissal of its sole director, constitutes a violation of the separation of powers provided for by the Constitution", wrote the lawyers of the administration, asking the Supreme Court to take legal action, Selia Law c. CFPB, 5th Circuit Court of Appeals.

The record is the latest move by the Trump administration and the Republicans to empty the CFPB of its role and set aside what the Democrats have designed to be a powerful and independent financial regulator.

The CFPB was created by the Dodd-Frank Wall Street Reform Act and started supervising banks and lenders in 2012. Under the direction of the former director Richard CordrayRichard Adams CordrayWatchdog has to choose a part: consumers or crooks The Kraninger CFPB provides consumers with the tools they need to help themselves. House condemns Mulvaney's efforts to control the consumer's desk. MORE, a democrat, the bureau has enacted radical regulations and severe penalties against companies suspected of having injured or abused consumers.

Republicans and financial sector advocates have long sought to limit the power of the CFPB through lawsuits and laws, insisting that the agency and its leader had abused its excessive power.

Critics of the CFPB have argued that Dodd-Frank, by making the director of the office responsible for the right to vote by the chairman only "for cause", is generally considered to be a serious incompetence or serious misconduct, impeding authority of the president over the executive power.

The US Court of Appeals of the District of Columbia Circuit ruled in 2016 that the controversial structure of the supervisory agency was unconstitutional. But this decision, drafted by future Supreme Court Justice Brett Kavanaugh, was overturned by the entire court in 2018.

The CFPB remained largely isolated from the GOP attacks until Cordray resigned in November 2017 to run for governorship in Ohio. His departure allowed Trump to name Mick MulvaneyJohn (Mick) Michael MulvaneyThe leader of ONAAA praises the agency's scientists after a statement supporting Trump's tweet The Hill's Morning Report – The third row of the debate remains uninterrupted because the Democrats remain the same., now Chief of Staff of the White House, as Acting Director of the CFPB.

Mulvaney took drastic action to weaken the CFPB from the inside, delaying and lowering some of the Cordray era's regulations, easing the oversight of the financial sector by the bureau and devastating the morale of the bureau.

The current CFPB director, Kathy Kraninger, has adopted a more moderate attitude within the agency, although her support for the possibility for the president to replace her by the president reflects the deep skepticism of the Chinese government as to its structure. .

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