Page 4 - Vacancy Act News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> reporter: one of the architects of the agency, senator elizabeth warren, argued that the president was overstepping his bounds, and not following the law. in a tweet, she cited dodd frank legislation which states that the deputy director of the cfpb would serve as acting director in the absence or unavailability of the director. on saturday, the white house cited a different law, the federal vacancies reform act of 1998, to defend the appointment as a routine move. a senior white house official told reporters on a call, quote, we think that this move is clearly supported by a plain reading ...

Consumer finance protection agency? two leaders have been appointed. richard cordray tapped his successor before he stepped down. he chose leeann distinguienglis. >> what is president trump saying? >> the white house defended the president's ability to make this decision saying that because of the vacancy act of 1998 that gives the president broad authority that he's acting within the president's capacity to do this. there is arguments being made within the structure of that agency, there is protocols keeping it independent from the rest of the government.

Where this could actually play into an obstruction issue, to be trying to push sessions out, which could lead to the firing of rod rosenstein, which could lead to a domino effect that would affect the mueller probe? >> well, i think that this theory is alive and well, and i think we're going to have to wait and see what mueller finds. but if i understand what mr. cohen has said, the president directed him to essentially commit a felony. and that's obstruction of justice. so we're going to have to wait and see. >> under the laws that now obtain, there doesn't necessarily have to be a hearing to...

A vacancy, meaning if there is an unavailable -- or he's absent in some way the director of the cfpb, then the deputy director shall take over and hold the reign reins. that's the word shall. it's important because that means it's supposed to happen. you also have the federal vaccinecies act that says, well, if the president has his drugts he can decide who is is going to fill any vacancy. the boolt attle is whether a red director resolves an absence or availability. this is semantics people. then the dodd/frank act says, look, we have deputy director waiting to be there and she's supposed to ...