BIDEN’S TRANSITION TEAMS BRINGS IN BACK KEY CFPB PLAYERS:
WHAT DOES THAT MEAN?
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ow that the American people have decided and chosen former vice president Joe Biden to lead the nation effective from January, a lot is already underway. Although President Donald Trump is yet to concede defeat and the election result is still being challenged. However, President-elect Joe Biden has spared no time at all. He’s already putting in place his transition teams in preparation for the January 2021 Inauguration. Biden brings in back key players to be a part of his Transition team for the Consumer Financial Protection Bureau? One of the key players is the hand-picked successor of former CFPB Director Richard Cordray — Leandra English.
Transition Teams for the Consumer Financial Protection Bureau. The occurrence that led to her being denied the position of directorship under Trump seems politically instigated. Also, her presence in Biden’s Transition Teams looks political. Whichever way it is, English appears to be qualified for the position. If she later becomes the director of CFPB under the Biden administration, she can utilize her experience as the CFPB chief of staff and deputy director to provide the excellent leadership that the CFPB needs.
Biden bringing back English may also mean that he needs people we already know and recently worked with to form his new team. Remember that President-elect Joe Biden served as vice president under President Barack Obama. Since the administration was tagged successful by many Americans and ranked among the best in America’s history, Biden may also need the people This automatically makes English the right candidate for the he had a history working with to come aboard again. English has been in the CFPB CFPB director after Cordray stepped down. Unfortunately, for years and contributed to the success of President Trump didn’t agree to this. He, instead, went the Consumer Financial Protection Bureau ahead to appoint Mick Mulvaney — former acting director under the Obama/Biden administration. of CFPB. Therefore, it will be logical, defendable, and justifiable for Biden to bring him aboard English took the case to court, resulting in a tussle again. regarding who is the real director of CFPB. Unfortunately, English lost the battle when the verdict was given, and it Nevertheless, English is not the only key was against her. Rather than giving up, English further took the case to the U.S. Court of Appeals for the District of member of key CFPB Players in Biden’s Transition Team, but, of course, she’s the Columbia Circuit. most popular of them all, and the likely one to be the next CFPB Director. English later gave up the fight when Kathy Kraninger was Considering the occurrence that led to the emergence of the current CFPB Director under President Trump, it is logical to expect that a new director will emerge should Biden become president. In 2017, the immediate former director of CFPB — Richard Cordray, stepped down. However, before his step-down, he already promoted English to the deputy director’s position from the chief of staff.
officially named as a permanent replacement for Cordray’s permanent as CFPB Director. English then left the CFPB.
Now, there seems to be hope again for the former deputy director as she has been called upon to be a part of Biden’s 92
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References https://www.housingwire.com/articles/bidentransition-team-brings-back-key-cfpb-players/amp/ https://debtconnection.com/biden-transition-teambrings-back-key-cfpb-players
THE POWER IS NOW MAGAZINE | DECEMBER 2020
