Crapo, Hensarling File Amicus Brief in Support of CFPB Acting Director Mulvaney

Follow-up to recent posting – CRS – D.C. Circuit Upholds as Constitutional the Structure of the CFPB – news from Congress –  On March 2, 2018, “38 Senators and 75 Representatives, led by Senate Banking Committee Chairman Mike Crapo (R-Idaho) and House Financial Services Committee Chairman Jeb Hensarling (R-Texas), filed an amicus brief in support of Acting Director Mulvaney and the President’s authority to designate an Acting Director of the Consumer Financial Protection Bureau (CFPB) under the Federal Vacancies Reform Act (FVRA). “The Federal Vacancies Reform Act has been U.S. law for 20 years,” said Chairman Crapo. “If Congress wanted to supersede the Vacancies Reform Act, and prevent a president from appointing an Acting Director, it could have done so in the text of Dodd-Frank. But, Congress chose not to. I have long argued that the CFPB lacks sufficient accountability, but Director Mulvaney has so far made the…

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