Sha Decision News Today

Explained. dodd/frank was written to provide its own succession plan, and that was a decision for congress to make. not for the president to make, but for congress to make. so the statute is very clear. it says that theres a director. and if the director is unavailable, the deputy director becomes the acting director. done. theres no vacancy here. for the president to be able to fill. in fact, the vacancies act itself said, when it was passed decades ago it would apply to all the agencies that w...

Fed. whose idea was this or did the president decide to give the dual positions to director mulvaney? >> look, i think the president felt he was the right person to lead that agency and made sha decision. i dont think theres more to it than that. fred? >> reporter: thank you, sarah. on the cfpb. as far as reforms to the agency, the house has a choice act thats still no action on that isnt the senate. is this something -- does the administration see this as an opportunity to try to push congressi...

In the final version, the one that was signed into law and voted on here in congress, it says, nope. were going to have this succession, congress decide this succession. my view is thats just the law. >> so a couple of things. just reading an op-ed in the "wall street journal" that, you know, was written. critical of the cfpb written by somebody who leads the ceo of the community financial services foundation of america, a group of payday lender, then the office of legal counsel, which upon whic...

What accounts are you talking about? >> the ones current hes questioning. >> so what is the official policy on the position? should he stay or go? >> look, as i just said, we have no changes and to past statements already made on that front, nothing new. >> reporter: and cfpb, does the white house believe leandra english is qualified for that position? >> we believe director mulvaney is the right person at this time to lead that agency, and thats why hes over there. >> reporter: if you believe h...

Wound themselves around this decision. >> yep. and you know, thats part of the problem weve got here. once the consumer agency was signed into law, a lot of us thought, thats it. now weve got a consumer agency. everybody will go along with this nap will help make sure theres power on the side of consumers. but you know what the financial services industry said? one of the chief lobbyists was quoted as saying, oh, this isnt over. its only half time. thats exactly whats happened. the big financial...