Obama Agency Head Sues Trump to Retain Control over Powerful Agency

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.

US President Donald Trump is seen during an event honoring the NCAA national championship

GOP Congressman Attacked for Fighting Republican Establishment/Big Retailers on Finance Reforms

Rep. Ted Budd (R-NC) seemed a lot like Jimmy Stewart’s Mr. Smith as he fought the Republican establishment in the House of Representatives in Washington to include the repeal of the Durbin amendment in the Financial Choice Act of 2017— the legislation designed to reform the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act that’s proven damaging for small businesses and consumers and a financial boon for big businesses and banks.

Small Business Reuters

Steven Mnuchin: ‘Regulation Is Killing Community Banks’

The highlight of Treasury Secretary Steven Mnuchin’s confirmation hearing so far was his rousing defense of community banks against overbearing federal regulations. “Regulation is killing community banks,” he declared, and if the process is not reversed, we could “end up

Mnuchin Fox News

Appeals Court Rules Part of Obama’s Dodd-Frank Law Unconstitutional

A federal appeals court on Tuesday ruled a key part of Barack Obama’s Dodd-Frank law unconstitutional, calling it a “grave threat to individual liberty.” This tees up yet another case for an evenly divided Supreme Court, the balance of which will be decided by whether Donald Trump or Hillary Clinton is elected in November.


Fed’s Kashkari Wants to Double-Down on Dodd-Frank

Former Republican candidate for California governor and current Federal Reserve Bank of Minnesota President Neel Kashkari gave a speech Feb. 16 advocating doubling-down on Obama’s disastrous Dodd–Frank law, which has made irresponsible “too big to fail” banks much bigger by crushing well-managed community banks.

The Associated Press

Hillary: I Wouldn’t Bail Out Banks as President

Democratic presidential candidate former Secretary of State Hillary Clinton stated she would let banks fail and not bail them out as president on Tuesday’s broadcast of CBS’ “The Late Show with Stephen Colbert.” Hillary was asked, “You put forth a


Hannity to Texas Governor: ‘Good Job in Texas, I’ll Tell You That!’

Texas Governor Greg Abbott was interviewed by Sean Hannity and the nationally syndicated radio talk show host told Abbott – “Good job in Texas, I’ll tell you that!” Hannity commended Abbott for his tough stance on sanctuary cities, his lawsuit against the Obama administration’s amnesty program, and putting a halt to Obama’s amnesty during his tenure as President. The talk show host also asked the Texas Governor who he was supporting as President.

Hannity - Abbott - Fox News Screenshot

Trump Warns Of Stock Market Bubble, Looming Recession

In an interview with The Hill, Donald Trump warned of a stock market bubble on the verge of bursting, and slammed the Dodd-Frank financial regulations, which were roundly praised by the 2016 Democrats during their first primary debate on Tuesday night. Trump called Dodd-Frank “terrible” and said he would “absolutely” repeal it as President.

The Associated Press

CFPB Now Regulating Potholes

This foray into the potholes and backroads of Tennessee is a new area of regulatory control, even for the CFPB. But, as American Banker reported, Congress granted the CFPB the authority to do so in an obscure passage of the Consumer Financial Protection Act of 2010, known more commonly as the Dodd-Frank Act.


The Real Elizabeth Warren Stands up to Trash Wall Street

Senator Elizabeth Warren (D-Mass) has not commanded much public attention since Hillary Clinton started channeling Warren’s book, Fighting Chance, which claims the “system is rigged” against the middle class because it is controlled by and for the elites who tilt the game in their favor. But in a bold effort to take all the oxygen out of the Clinton campaign, Senator Warren (D-Mass.) laid out a bare-knuckles legislative road map on Wednesday to kick Wall Street in the teeth.

AP Photo/Charles Dharapak

Dodd-Frank Hurts Latino and First-Time Home Ownership

According to the California Realtors’ home ownership affordability report, only 28 percent of Los Angeles residents can afford to buy a home in Los Angeles, due to the combination of low inventory and the fact that the Dodd-Frank Consumer Protection Act made it much harder for immigrants and first-time buyers to qualify for a loan.

Dodd-Frank (Reuters)