This article appeared online at TheNewAmerican.com on Monday, March 20, 2017:
When PHH Financial, a mortgage lender, was fined $109 million by the head of the Consumer Financial Protection Bureau (CFPB), it filed suit against the agency for overreaching its prerogatives. It also demanded that the court dismantle the agency altogether. A three-judge panel of the U.S. Court of Appeals for the District of Columbia ruled last fall that, indeed, Richard Cordray (shown shaking Obama’s hands), the CFPB’s director, did overreach, but that dismantling the agency was itself too much to ask.
Last Friday Trump’s Department of Justice (DOJ) made an unusual move in the case, which has been appealed to the full bench by filing an amicus brief. Said DOJ officials: