WASHINGTON, DC – Obama holdover Leandra English is claiming to be the acting head of the powerful Consumer Financial Protection Bureau (CFPB) and, on Sunday, filed a lawsuit against the president of the United States, seeking an emergency court order declaring her the lawful director and requiring everyone to treat her as such.
The Dodd-Frank Act vastly expands the power of the federal government over the financial services industry to the same extent as, if not greater than, the Affordable Care Act (aka, Obamacare) does over health care.
Part of this sweeping expansion is the CFPB, which is so independent of the normal separation of powers of the Constitution’s three branches — for example, it does not require congressional funding each year because it extracts resources through the Federal Reserve — that it is currently the defendant in multiple lawsuits arguing that the CFPB is unconstitutional.
Hard-left Sen. Elizabeth Warren (D-MA) was the mastermind behind the statute when she was a Harvard law professor in the private sector and was President Barack Obama’s choice to lead the CFPB. When Republicans blocked Warren, Obama nominated Richard Cordray, who was later confirmed by the Senate mostly along party lines votes from Democrats.
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