Pelosi Statement on Amicus Brief in English v. Trump

Nov 27, 2017
Press Release

Contact: Ashley Etienne/Henry Connelly, 202-226-7616

Washington, D.C. – Democratic Leader Nancy Pelosi issued the following statement after joining an amicus brief to the United States District Court in the English v. Trump case, together with current and former Members of Congress:

“Whether the White House likes it or not, the law mandates that Deputy Director Leandra English serve as Acting Director of the Consumer Financial Protection Bureau until the Senate confirms a new, permanent Director.  The District Court should issue a ruling consistent with the text, structure and legislative history of the landmark Dodd-Frank law, and prevent the President’s brazen and unlawful effort to install a Director without any accountability or review.  President Trump cannot ignore the Senate confirmation process just because he is impatient to destroy a vital independent consumer protection watchdog.

“The sham installation of Mick Mulvaney is simply the latest cynical attempt by this Administration to dismantle the Consumer Bureau, which has been a vital lifeline for millions of hard-working Americans.  In its short history the agency has returned more than $12 billion to 29 million seniors, servicemembers and working families.  Yet, Republicans have fought from the start to destroy this life-saving bulwark against bad actors on Wall Street.  Already, less than one day into his false capacity as Acting Director, Mulvaney has taken measures to destroy accountability in our financial system and roll back essential consumer protections.

“The White House should be focused on protecting the American people from being preyed on by unscrupulous banks and lenders, not encouraging the same risky, reckless actions by some on Wall Street that brought our economy to the brink of collapse a decade ago.  It is long past time for the White House to end its vindictive, dangerous campaign to destroy hard-working Americans’ consumer protections.”

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