Two Senate Republicans are asking Vice President-Elect Mike Pence to ensure that CFPB Director Richard Cordray be fired “promptly” after the Trump Administration takes charge.
“Given the CFPB’s unconstitutional structure, removing Director Cordray would be consistent with President Trump’s oath to ‘preserve, protect, and defend the Constitution of the United States,’” Sens. Ben Sasse (R-Neb.) and Mike Lee (R-Utah) said in a Monday letter to Pence.
The senators said that Cordray has vigorously supported an unconstitutional structure of the CFPB and pursued a harmful regulatory agenda.
The ability of the president to fire Cordray without cause is being fought in federal courts; and until a court rules otherwise, Trump can fire Cordray, the senators contend.
continue reading »