5 ms·

and just a reminder: he went to court to take this job from some one who already knew what she was doing.

ceejayoz 9y ago
He also requested this year's [edit: sorry, quarter] operating funds be $0. https://www.politico.com/story/2018/01/18/mulvaney-funding-consumer-bureau-cordray-345495 https://www.politico.com/story/2018/01/18/mulvaney-funding-c...
- jkestner 9y ago
  Not exactly - just for the quarter. "Mulvaney wrote that the bureau has $177 million in the bank, enough to cover the $145 million the bureau has budgeted for its second quarter."
  - ceejayoz 9y ago
    Thanks, you're right. I've edited.
  - Avshalom 9y ago
    it's unfortunately not the top response to jeremy but apparently no they don't have 177 million in the bank.
- jeremyt 9y ago
  The misinformation here is ridiculous. The operating budget request for zero dollars was because they collected so much in fines last year that it will pay the entire year’s budget.
  - craftyguy 9y ago
    [citation needed]
  - bloorp 9y ago
    The next time you get a speeding ticket, ask yourself if you want public institutions to be financed by fees and fines.
    - notyourwork 9y ago
      Why?
      - thaumaturgy 9y ago
        It creates perverse incentives (ex. http://www.wfaa.com/news/local/investigates/exclusive-judge-says-he-quit-over-speeding-ticket-quota/148865111 http://www.wfaa.com/news/local/investigates/exclusive-judge-..., https://www.caranddriver.com/features/town-without-pity https://www.caranddriver.com/features/town-without-pity), even more so than taxes, which typically have multiple layers of oversight on spending. Unlike taxes, fines and fees in the US are not adjusted for income, so they hurt poorer people much more than wealthier people (ex. http://time.com/3182726/if-you-want-to-see-inequality-in-the-u-s-at-its-worst-visit-an-impound-lot/ http://time.com/3182726/if-you-want-to-see-inequality-in-the...). If you're already struggling financially, being forced to pony up 30% of this month's net revenue just to keep some public agency afloat so it can fine and fee more people later is the kind of bad break that kills people (https://www.thecut.com/2016/12/america-is-failing-the-bad-break-test-and-people-are-dying.html https://www.thecut.com/2016/12/america-is-failing-the-bad-br...). It's cruel and unjust and it has no place in America.
      - ceejayoz 9y ago
        An example of where it goes wrong: https://www.npr.org/2014/08/25/343143937/in-ferguson-court-fines-and-fees-fuel-anger https://www.npr.org/2014/08/25/343143937/in-ferguson-court-f... > To understand some of the distrust of police that has fueled protests in Ferguson, Mo., consider this: In 2013, the municipal court in Ferguson — a city of 21,135 people — issued 32,975 arrest warrants for nonviolent offenses, mostly driving violations. > A new report released the week after 18-year old Michael Brown was shot and killed in Ferguson helps explain why. ArchCity Defenders, a St. Louis-area public defender group, says in its report that more than half the courts in St. Louis County engage in the "illegal and harmful practices" of charging high court fines and fees on nonviolent offenses like traffic violations — and then arresting people when they don't pay. The report singles out courts in three communities, including Ferguson.
  - ceejayoz 9y ago
    > The operating budget request for zero dollars was because they collected so much in fines last year that it will pay the entire year’s budget. That sounds like misinformation, considering their website says they're explicitly forbidden from doing that. https://www.consumerfinance.gov/about-us/payments-harmed-consumers/civil-penalty-fund/ https://www.consumerfinance.gov/about-us/payments-harmed-con... > When the Bureau collects a civil penalty through an enforcement action, that penalty is deposited into the Civil Penalty Fund. The money in the Fund is pooled and can be used to compensate victims who haven’t received full compensation for their harm through redress paid by the defendant in their case. > In accordance with the Dodd-Frank Act and the Bureau's Civil Penalty Fund rule, the Fund can only be used for two purposes: to compensate eligible harmed consumers and, to the extent that victim payments are not practicable, to provide funding for consumer education and financial literacy programs. If victims cannot be located or it is otherwise not practicable to pay victims, the Bureau may keep the money in the Fund for victims in future cases, or the Bureau may use money in the Fund for consumer education and financial literacy programs.

He also requested this year's [edit: sorry, quarter] operating funds be $0. https://www.politico.com/story/2018/01/18/mulvaney-funding-consumer-bureau-cordray-345495 https://www.politico.com/story/2018/01/18/mulvaney-funding-c...

jkestner 9y ago
Not exactly - just for the quarter. "Mulvaney wrote that the bureau has $177 million in the bank, enough to cover the $145 million the bureau has budgeted for its second quarter."
- ceejayoz 9y ago
  Thanks, you're right. I've edited.
- Avshalom 9y ago
  it's unfortunately not the top response to jeremy but apparently no they don't have 177 million in the bank.
jeremyt 9y ago
The misinformation here is ridiculous. The operating budget request for zero dollars was because they collected so much in fines last year that it will pay the entire year’s budget.
- craftyguy 9y ago
  [citation needed]
- bloorp 9y ago
  The next time you get a speeding ticket, ask yourself if you want public institutions to be financed by fees and fines.
  - notyourwork 9y ago
    Why?
    - thaumaturgy 9y ago
      It creates perverse incentives (ex. http://www.wfaa.com/news/local/investigates/exclusive-judge-says-he-quit-over-speeding-ticket-quota/148865111 http://www.wfaa.com/news/local/investigates/exclusive-judge-..., https://www.caranddriver.com/features/town-without-pity https://www.caranddriver.com/features/town-without-pity), even more so than taxes, which typically have multiple layers of oversight on spending. Unlike taxes, fines and fees in the US are not adjusted for income, so they hurt poorer people much more than wealthier people (ex. http://time.com/3182726/if-you-want-to-see-inequality-in-the-u-s-at-its-worst-visit-an-impound-lot/ http://time.com/3182726/if-you-want-to-see-inequality-in-the...). If you're already struggling financially, being forced to pony up 30% of this month's net revenue just to keep some public agency afloat so it can fine and fee more people later is the kind of bad break that kills people (https://www.thecut.com/2016/12/america-is-failing-the-bad-break-test-and-people-are-dying.html https://www.thecut.com/2016/12/america-is-failing-the-bad-br...). It's cruel and unjust and it has no place in America.
    - ceejayoz 9y ago
      An example of where it goes wrong: https://www.npr.org/2014/08/25/343143937/in-ferguson-court-fines-and-fees-fuel-anger https://www.npr.org/2014/08/25/343143937/in-ferguson-court-f... > To understand some of the distrust of police that has fueled protests in Ferguson, Mo., consider this: In 2013, the municipal court in Ferguson — a city of 21,135 people — issued 32,975 arrest warrants for nonviolent offenses, mostly driving violations. > A new report released the week after 18-year old Michael Brown was shot and killed in Ferguson helps explain why. ArchCity Defenders, a St. Louis-area public defender group, says in its report that more than half the courts in St. Louis County engage in the "illegal and harmful practices" of charging high court fines and fees on nonviolent offenses like traffic violations — and then arresting people when they don't pay. The report singles out courts in three communities, including Ferguson.
- ceejayoz 9y ago
  > The operating budget request for zero dollars was because they collected so much in fines last year that it will pay the entire year’s budget. That sounds like misinformation, considering their website says they're explicitly forbidden from doing that. https://www.consumerfinance.gov/about-us/payments-harmed-consumers/civil-penalty-fund/ https://www.consumerfinance.gov/about-us/payments-harmed-con... > When the Bureau collects a civil penalty through an enforcement action, that penalty is deposited into the Civil Penalty Fund. The money in the Fund is pooled and can be used to compensate victims who haven’t received full compensation for their harm through redress paid by the defendant in their case. > In accordance with the Dodd-Frank Act and the Bureau's Civil Penalty Fund rule, the Fund can only be used for two purposes: to compensate eligible harmed consumers and, to the extent that victim payments are not practicable, to provide funding for consumer education and financial literacy programs. If victims cannot be located or it is otherwise not practicable to pay victims, the Bureau may keep the money in the Fund for victims in future cases, or the Bureau may use money in the Fund for consumer education and financial literacy programs.