CFPB food fight

November 28, 2017

Washington treated us to some top-flight political theater Monday. The curtain went up on Act One when two people showed up, both claiming to be the new acting head of the Consumer Financial Protection Bureau: Trump appointee Mick Mulvaney and CFPB Deputy Director Leandra English, who claimed to be appointed by the former Obama-appointed director. Mulvaney won the crown by showing up with donuts, plus by giving a press conference that you really must see and by citing the law being on his side, which even the CFPB’s top legal counsel agreed with. English is suing, claiming that the Dodd-Frank Act gives the agency head the right to appoint his successor, but Trump asserted his right to do so under the Federal Vacancies Reform Act of 1998.

All that legal argle-bargle aside, have you ever heard of anything so blatantly unconstitutional as a powerful government agency that is unaccountable to any other branch of government (the CFPB was set up to be funded by the Federal Reserve, so Congress can’t even defund it), that can make regulations and assess fines with the force of law with no input from elected representatives, and that would have the power to appoint its own directors with no input from the President, Congress or the voters? Even a DC court already ruled its structure unconstitutional.


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The CFPB was sold to the public by its liberal creators as an independent consumer watchdog, but what it’s actually turned into is an out-of-control shakedown organization that extorts money from businesses for arbitrary violations and redistributes it to progressive activist organizations. It’s no wonder liberals are howling so much at the idea of it being brought under control, but that’s not because it’s helping consumers.

I can’t tell you how many small town bankers across the country have told me that they no longer make loans in the $10,000 range because CFPB regulations eat up more costs than they make from them. The agency, in the name of “protecting consumers and small businesses,” is actually driving local banks out of business, and preventing Americans from obtaining the kind of small loans that enable them to restock merchandise or add an extra room onto their houses for a new baby. The CFPB represents the Big Lie of “I’m from Washington and I’m here to help you,” taken to the Nth degree.

Don’t get me wrong: I’m no fan of giant Wall Street banks, and I strongly believe that consumers and small businesses need protection. But creating yet another unaccountable, power-mad, unconstitutional federal bureaucracy is hardly the way to protect individual rights.

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Comments 1-11 of 11

  • Laura Weibel

    12/05/2017 07:59 PM

    Amen to that!

  • Caroline Anthony

    11/30/2017 10:18 PM

    Thanks for this information...I had no idea that this organization existed and am glad they're being exposed as the fraudulent thieves they are!

  • Marcia Standifer

    11/30/2017 11:59 AM

    Thank you , Governor, for reading my post and editing the error that Cynthia Jacobs and I both noted.
    Later readers evidently felt we were in error; however, it reinforced my belief that you do read our comments and that you are concerned about truth and accuracy in journalism.
    Merry Christmas to you, your staff and your family!
    And please keep up the great journalisn and witty humor while exposing the truth!

  • Pat Hunsucker

    11/30/2017 10:01 AM

    As stated in Huc's post Cynthia Jacobs, 2 people ,Mulvaney and English showed up

  • Pat Hunsucker

    11/30/2017 09:53 AM

    No edits needed on Huc's post Marcia Standifer. As stated in post Trump appointed Mulvaney. Cordray appointed English. Thanks

  • curt norman

    11/29/2017 09:04 PM

    It took just one day for a federal judge to rule in Trump's favor, that Mulvaney will be the acting director---begs the question, why in the world does it take months, sometimes years, for judges to issue a decision----the;judge should have burned English for filing a frivolous lawsuit.
    Mulvaney got a running start on reining in this unconstitutional , Elizebeth Warren--pipedream, by imposing a hiring freeze; halting any further financial disbursments; and holding a press conference that warmed my heart with his straight forward answers and common sense policy explanations---he must have been reading from your blogs, Gov!

  • Stephen Russell

    11/29/2017 07:35 PM

    Scrap CFPB OR give authority to probe banking & finance & merge or combine ops with IRS alone. IF warranted.
    Dont need more Govt bureaucracy, Deep cuts or give teeth.
    Enforce banking codes or scrap codes, NO more bailouts.
    Estd CFPB offices nationwide per state alone for oversight.
    Combine staff from IRS & Treasury for staffing CFPB.
    Reform Finance laws & No more 2008 bailouts of banks.
    Scrap treaties sucking money from DC alone.
    No more NAFTA & Paris accord.

  • Cheryl Jongeneel

    11/28/2017 06:21 PM

    Regardless pf who showed up... the agency needs to be shut down! NOW! This could be an excellent part of a science fiction horror story!

  • Carol Head

    11/28/2017 05:51 PM

    You are so right governor! There is way to much in DC that is not accountable to the citizens of our country. Congress must have the testicular fortitude or mamarian guts ( which ever the case may be - hard to tell these days) to totally obliterate this cunning crafty ploy of self serving Obummer thieves. President Trump needs to do what sleezy Obamma did by writing his own law and make it illegal for CMFP to exist! You are always right on Governor. HELP TRUMP DRAIN THE SWAMP!

  • Marcia Standifer

    11/28/2017 03:49 PM

    HI, Governor- Your post here needs an edit -Mick Mulvaney was Trump's appointee, not Cordray - he was the resigning director. Thanks!

  • Cynthia Jacobs

    11/28/2017 02:04 PM

    I truly enjoy your political expertise and family type humor. Thank you and keep them coming!
    (Did you mean Mulvaney and English showed up for work Monday? Cordray is the previous Obama appointee.)