the dodd/frank act is clear. if there is a vacancy, the deputy director becomes acting dire director. donald trump can't override that. >> you have to put into context, the cfpb is elizabeth warren's baby. ms. english faces an uphill battle. there was an eight-page memo, concluding dodd/frank doesn't displace the president's authority to appoint an acting director, citing the reformat of 1998. the cfpb's own general council released a memo saying, it is my legal opinion that the president possesses the authority to designate an acting director for the bureau. so that would be a blow to ms. english's case. >> got it. so with all the uproar around the cfpb's leadership, let's step back and look where it came from and what it does. after the financial crisis of 2008, the newly elected democratic congress put in regulations to govern financial institutions. those efforts turned into the