Senate

Warren to attend rally protesting Mulvaney’s CFPB appointment

by Olivia Beavers - 11/27/17 5:17 PM ET

Sen. Elizabeth Warren (D-Mass.) is expected to join a rally outside of the Consumer Financial Protection Bureau (CFPB) headquarters Tuesday to protest President Trump’s appointment of budget chief Mick Mulvaney to lead the Wall Street watchdog agency.

The Democratic senator will join the Progressive Campaign Change Committee’s lunchtime demonstration to demand that “unfit Mick Mulvaney step aside and let acting CFPB director Leandra English do her job,” according to an advisory of the event.

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Warren and Adam Green, the group’s co-founder, are expected to speak at the event, in which rallygoers are expected to carry signs that read, “Trump & Mulvaney: Breaking the Law to Help Wall Street.”

“President Trump is breaking the law by trying to install Mick Mulvaney as the director of the agency, without Congressional approval,” the advisory states.

The Massachusetts lawmaker, a key architect of the agency, tore into Trump over the weekend in a series of tweets that accused the president of trying to destroy the consumer watchdog agency.

She defended the CFPB against his claims that it left financial institutions “devastated and unable to properly serve the public.”

“Less than a decade after taxpayers bailed out the big banks, the banking industry made record profits last year,” Warren tweeted on Saturday. “That’s who you’re worried about, @realDonaldTrump?”

“The only thing that will turn the CFPB into a disaster is for @realDonaldTrump to ignore Dodd-Frank & name an acting director determined to destroy the agency,” she wrote in another tweet.

A dramatic showdown began Friday after the White House and the CFPB struggled over who will lead the agency following Richard Cordray’s resignation from his post as director.

Before stepping down, Cordray named his chief of staff, English, to the deputy director position before resigning. The Dodd-Frank Act says the deputy director will lead the agency in the event that there is not a permanent director.

Shortly afterward, Trump appointed Mulvaney, a vocal critic of the CFPB, to serve as the agency’s acting director.

This lead to both officials claiming to be the rightful acting director on Monday, putting employees in the middle of an escalating legal dispute.

Two spokeswomen from Warren’s office did not immediately respond to a request for comment about her plans to attend the protest.

Tags CFPB Dodd-Frank Act Elizabeth Warren Mick Mulvaney Richard Cordray