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IANAL, but this email might not have any force of law because the CFPB was created by COTUS by Dodd–Frank and its parent agency is the Federal Reserve. While it
by pentel-0_5 2y ago
IANAL, but this email might not have any force of law because the CFPB was created by COTUS by Dodd–Frank and its parent agency is the Federal Reserve. While it generally complies with OMB guidance, it doesn't necessarily form a legally-binding reporting structure.
- bmgoau 2y agoDoesn't matter. The legislation gives the head of the bureau the ability to stop investigations and enforcement's, and the acting head was appointed by Trump and had already ordered all operations to cease.
- quantified 2y agoCouldn't the same playbook be used at agencies like EPA?
- neonate 2y agoFTA: "The agency ... cannot be closed without congressional action, but its director can freeze most of its actions by halting enforcement, weakening or repealing regulations and softening its supervision of banks and other lenders"