The recent changes at the Consumer Financial Protection Board

The Consumer Financial Protection Bureau was a political power grab which was pushed very hard by ultra-liberal Senator Elizabeth Warren. It was set up to advance liberal financial policies and was intentionally set up to not be accountable to just about anyone. That way, they could do whatever they wanted to do and no one could stop them.

However, a glitch in their plan occurred. When the prior head of the agency, Richard Cordray, left his position to run for Governor of Ohio, it left a vacancy, which all of the liberal supporters thought would automatically go to Assistant Director Leandra English, another staunch liberal policy person. Au contraire......... The President appoints the leadership of that organization, which wasn't a problem for them when President Obama was still in office. He is no longer in office. Instead of promoting English to the position, President Trump appointed Mick Mulvaney as the head of the bureau. That makes sense, since Mulvaney is in control of the White House portion of the federal budget negotiations and is one of the best-informed financial people in Washington, DC. In response, Leandra English was sending out emails and instructions to the agency using the title "acting director" even though she was not. It was an attempted coup. English even sued to get the job, which is sort of ridiculous. The courts have subsequently ruled, on two occasions, that the position is to be filled by the President, alone. At one point, the administration supported getting rid of the agency in its entirety. Instead, they decided to change it to make it useful.

The CFPB has a 25-member advisory board, which was also stockpiled with liberals by the Obama administration (to be expected and makes perfect sense because it was a liberal administration). Since the board members were trying to sabotage all of the changes that Mulvaney was putting in place at the bureau, today, the entire 25-member advisory board was fired because of their actions. Look for pieces of Senator Warren's head on your walls soon because it will surely explode.