The George Costanza move


Do you recall that “Seinfeld” episode where George Costanza kept coming back to work? Well, the Consumer Financial Protection Bureau (CFPB) has it’s own Costanza…

The Wall Street Journal Editorial Board writesRemember the “Seinfeld” episode in which George Costanza refused to leave even after he was found to be faking a disability? No matter the obstacle, George strove to occupy his office. The U.S. government now has its own devious doofus George in the form of Leandra English, who insists that she deserves to run the Consumer Financial Protection Bureau and is refusing to leave.

Not surprisingly, after English was appointed by an unelected, unaccountable bureaucrat, a Federal Judge agreed with Republican attorneys general and the Trump administration. Politico writesA U.S. District Court judge in Washington has ruled in favor of the Trump administration in its bid to install White House Budget Director Mick Mulvaney as acting director of the Consumer Financial Protection Bureau.

Here are a few additional key reads on the CFPB:

Wall Street Journal’s William McGurn writes, Mick Mulvaney Is the True Pope.

[The CFPBs] creation embodies the classic Beltway approach: rather than fix a broken regulatory system, throw another powerful agency atop the heap.

National Review’s Josh Blackman writes, Richard Cordray’s Tempest in a Teapot.

But that this is happening at all — that Cordray asserts the power to block the president from naming an acting director — underscores the fact that this all-powerful bureau, which operates outside of our separation of powers, is a legal aberration. 

American Banker’s Kate Perry and Ian McKendry write, At CFPB, bitter feelings about final Cordray maneuver.

Employees at the Consumer Financial Protection Bureau are privately questioning why outgoing director Richard Cordray abruptly tapped a 34-year-old chief of staff with no enforcement, supervisory or legal experience to head the embattled agency after he resigned.

National Review’s Andrew McCarthy writes, Trump’s in the Right in CFPB Tiff.

Some legal questions are tough. The question of who should lawfully be considered the acting director of the Consumer Financial Protection Bureau is not one of them.

As his aggressive stewardship of the CFPB demonstrated, Cordray is a progressive zealot, deeply opposed to the Trump agenda of rolling back regulations.

A few more good reads on the CFPB and the new director.

The Daily Signal’s Fred Lucas writes, New Director Alone Can’t Fix ‘Rogue’ Consumer Agency.

The Daily Signal’s John G. Malcom writes, CFPB Deputy Director Is Challenging the President’s Authority. Here’s Why Her Arguments Are Flawed.

The Weekly Standard’s Shannen W. Coffin writes, The Definitive Explanation of Why Trump Is Right on Mulvaney, English, and the CFPB.

National Review’s Ronald L. Rubin writes, Richard Cordray Delivers the Consumer Financial Protection Bureau Punchline.