What will Cordray be able to do legally?

[J.E.D]

tissue?

You're the bag-of-dicks-eating slut. I should be asking you.

poor old loser... calling an old lady bad names on the message board.. heee

Poor old hag. I guess you shouldn't be on a message board talking shit if your dried up gash can't handle it. Here, fill out one of these and send it to the home office.

 

[WillowTree]

You're the bag-of-dicks-eating slut. I should be asking you.

poor old loser... calling an old lady bad names on the message board.. heee

Poor old hag. I guess you shouldn't be on a message board talking shit if your dried up gash can't handle it. Here, fill out one of these and send it to the home office.

+





I"ve been here a lot longer than ewe have asswipe.. dish it whydoncya? you aren't the first nor the last to resort to the C word,.. it merely means you are impotent..

 

[J.E.D]

the more you regulate an activity,, the less of that activity will you cccccccc.. and you call me stupid?



why do you hate America???

That makes no sense whatsoever. Why do you hate consumers? Why are you in favor of predatory lending? Why are you so stupid?

and so why are the banks already sitting on trillions and not lending you ask? or maybe ewe don't. ask.. dumbshit.

I don't know. Why don't you ask them? It sure has nothing to do with this agency. You know - the agency that doesn't even have a director and therefore doesn't have full powers to do its job. Please tell me how that director-less agency is the casue of big banks sitting on trillions......moron.

 

[WillowTree]

That makes no sense whatsoever. Why do you hate consumers? Why are you in favor of predatory lending? Why are you so stupid?

and so why are the banks already sitting on trillions and not lending you ask? or maybe ewe don't. ask.. dumbshit.

I don't know. Why don't you ask them? It sure has nothing to do with this agency. You know - the agency that doesn't even have a director and therefore doesn't have full powers to do its job. Please tell me how that director-less agency is the casue of big banks sitting on trillions......moron.

it has to do with the dodd franks fiasco.. dumbass.,, and this will just worsen the situation so go ahead and regulate the piss out of the financial institutions.. then tell us what you intend to replace them with.

 

[Amelia]

Oooooh. Ominous situation, ain't it?

Well, thats what you get when you recess appoint someone when there is no recess.

Republicans are, once again, playing games.

Scott Brown Backs Obama Recess Appointment Of Consumer Finance Watchdog Richard Cordray

To stop him from using the constitutional option of a recess appointment while the Senate was adjourned, they've [Republicans] been holding "pro forma" sessions where no business is done, but the chamber is technically working.

Oh well. You want to play, GOP, let's play. A recess appointment is what you get when you refuse to even let a nominee get an up or down vote. That's right. The Senate GOP won't even allow Cordray an up or down vote. It doesn't really matter who gets nominated. Republicans jut don't want the agency to exist. No wonder Congress is so unpopular. Nominees to agencies that were created and signed into law are left on the sidelines because one side hates the POTUS.

The question here ... my question ... is what will Cordray be able to do with just a recess appointment? Will he have any legal ground to regulate the payday loan industry for instance?

Whether the Senate was legally in recess or not, the law specifically says that the director has to be confirmed by the Senate. This position carries with it some extraordinary powers, and extraordinary access to funds. Confirmation - not appointment - was required by law.

So what can Cordray legally do beyond the limited functions the agency has carried out since it officially opened last year?

 

[J.E.D]

I"ve been here a lot longer than ewe have asswipe.. dish it whydoncya? you aren't the first nor the last to resort to the C word,.. it merely means you are impotent..

 

[J.E.D]

Well, thats what you get when you recess appoint someone when there is no recess.

Republicans are, once again, playing games.

Scott Brown Backs Obama Recess Appointment Of Consumer Finance Watchdog Richard Cordray

To stop him from using the constitutional option of a recess appointment while the Senate was adjourned, they've [Republicans] been holding "pro forma" sessions where no business is done, but the chamber is technically working.

Oh well. You want to play, GOP, let's play. A recess appointment is what you get when you refuse to even let a nominee get an up or down vote. That's right. The Senate GOP won't even allow Cordray an up or down vote. It doesn't really matter who gets nominated. Republicans jut don't want the agency to exist. No wonder Congress is so unpopular. Nominees to agencies that were created and signed into law are left on the sidelines because one side hates the POTUS.

The question here ... my question ... is what will Cordray be able to do with just a recess appointment? Will he have any legal ground to regulate the payday loan industry for instance?

Whether the Senate was legally in recess or not, the law specifically says that the director has to be confirmed by the Senate. This position carries with it some extraordinary powers, and extraordinary access to funds. Confirmation - not appointment - was required by law.

So what can Cordray legally do beyond the limited functions the agency has carried out since it officially opened last year?

I don't know. I'm sure there are limits, though.

 

[Amelia]

The Dodd-Frank law says the director must be confirmed by the senate in order to wield his special powers against non-banks.

What will Cordray be able to do without senate confirmation?

How long will the courts be tied up contesting whether or not his actions were legal since he was not confirmed in accordance with the law?

Will the CFPB be helpful while under this shadow?

File suit and find out.

I'm sure someone will. I'm sure lots of people will.

 

[WillowTree]

I"ve been here a lot longer than ewe have asswipe.. dish it whydoncya? you aren't the first nor the last to resort to the C word,.. it merely means you are impotent..

You are I P O T E N T!

 

[francoHFW]

Experts on PBS said they would specify understandable loan and mortgage forms and go after predatory Payday lenders, and THEY would go to the courts, not Pubs. Another win for Dems against bought off Pub hypocrites....

Change the channel to get some facts, dupes.

 

[Mustang]

Well, thats what you get when you recess appoint someone when there is no recess.

Republicans are, once again, playing games.

Scott Brown Backs Obama Recess Appointment Of Consumer Finance Watchdog Richard Cordray

To stop him from using the constitutional option of a recess appointment while the Senate was adjourned, they've [Republicans] been holding "pro forma" sessions where no business is done, but the chamber is technically working.

Oh well. You want to play, GOP, let's play. A recess appointment is what you get when you refuse to even let a nominee get an up or down vote. That's right. The Senate GOP won't even allow Cordray an up or down vote. It doesn't really matter who gets nominated. Republicans jut don't want the agency to exist. No wonder Congress is so unpopular. Nominees to agencies that were created and signed into law are left on the sidelines because one side hates the POTUS.

The question here ... my question ... is what will Cordray be able to do with just a recess appointment? Will he have any legal ground to regulate the payday loan industry for instance?

Whether the Senate was legally in recess or not, the law specifically says that the director has to be confirmed by the Senate. This position carries with it some extraordinary powers, and extraordinary access to funds. Confirmation - not appointment - was required by law.

So what can Cordray legally do beyond the limited functions the agency has carried out since it officially opened last year?

Cordray and the agency will be able to do things that consumers will love. Consequently, Republicans are against it.

With a director in place, the CFPB can now, for the first time ever, monitor the activities of non-bank entities, including payday lenders, debt collectors and credit reporting agencies. Many of these entities were "the source of some of the most harmful, deceptive, unfair and predatory lending practices" that led to the financial crisis, Deputy Treasury Secretary Neal Wolin said last month.

Richard Cordray Nomination: Obama Using Recess Appointment Amid GOP Opposition

 

[Amelia]

What is this, the...sixth...topic about this today?

I didn't see a thread specifically about this. I saw plenty about Obama making a recess appointment when the Senate was still in session but I didn't see one about the ramifications of having an appointed director instead of a confirmed director.

 

[Amelia]

Republicans are, once again, playing games.

Oh well. You want to play, GOP, let's play. A recess appointment is what you get when you refuse to even let a nominee get an up or down vote. That's right. The Senate GOP won't even allow Cordray an up or down vote. It doesn't really matter who gets nominated. Republicans jut don't want the agency to exist. No wonder Congress is so unpopular. Nominees to agencies that were created and signed into law are left on the sidelines because one side hates the POTUS.

The question here ... my question ... is what will Cordray be able to do with just a recess appointment? Will he have any legal ground to regulate the payday loan industry for instance?

Whether the Senate was legally in recess or not, the law specifically says that the director has to be confirmed by the Senate. This position carries with it some extraordinary powers, and extraordinary access to funds. Confirmation - not appointment - was required by law.

So what can Cordray legally do beyond the limited functions the agency has carried out since it officially opened last year?

Cordray and the agency will be able to do things that consumers will love. Consequently, Republicans are against it.

With a director in place, the CFPB can now, for the first time ever, monitor the activities of non-bank entities, including payday lenders, debt collectors and credit reporting agencies. Many of these entities were "the source of some of the most harmful, deceptive, unfair and predatory lending practices" that led to the financial crisis, Deputy Treasury Secretary Neal Wolin said last month.

Richard Cordray Nomination: Obama Using Recess Appointment Amid GOP Opposition

But CAN he? If he were confirmed in conformation with the Dodd-Frank law he could. But since he was merely appointed, can he? Can the agency?

 

[Amelia]

How long before there is an injunction against Cordray making decisions about nonbank entities while the status of his directorship is examined by the courts?

 

[WillowTree]

Republicans are, once again, playing games.

Oh well. You want to play, GOP, let's play. A recess appointment is what you get when you refuse to even let a nominee get an up or down vote. That's right. The Senate GOP won't even allow Cordray an up or down vote. It doesn't really matter who gets nominated. Republicans jut don't want the agency to exist. No wonder Congress is so unpopular. Nominees to agencies that were created and signed into law are left on the sidelines because one side hates the POTUS.

The question here ... my question ... is what will Cordray be able to do with just a recess appointment? Will he have any legal ground to regulate the payday loan industry for instance?

Whether the Senate was legally in recess or not, the law specifically says that the director has to be confirmed by the Senate. This position carries with it some extraordinary powers, and extraordinary access to funds. Confirmation - not appointment - was required by law.

So what can Cordray legally do beyond the limited functions the agency has carried out since it officially opened last year?

Cordray and the agency will be able to do things that consumers will love. Consequently, Republicans are against it.

With a director in place, the CFPB can now, for the first time ever, monitor the activities of non-bank entities, including payday lenders, debt collectors and credit reporting agencies. Many of these entities were "the source of some of the most harmful, deceptive, unfair and predatory lending practices" that led to the financial crisis, Deputy Treasury Secretary Neal Wolin said last month.

Richard Cordray Nomination: Obama Using Recess Appointment Amid GOP Opposition

Fanny Mae and Freddie Mac are the culprits.. notice how FAR away from regulating them the demoncraps stay?





we mock you dumbasses.

 

[Mustang]

The question here ... my question ... is what will Cordray be able to do with just a recess appointment? Will he have any legal ground to regulate the payday loan industry for instance?

Whether the Senate was legally in recess or not, the law specifically says that the director has to be confirmed by the Senate. This position carries with it some extraordinary powers, and extraordinary access to funds. Confirmation - not appointment - was required by law.

So what can Cordray legally do beyond the limited functions the agency has carried out since it officially opened last year?

Cordray and the agency will be able to do things that consumers will love. Consequently, Republicans are against it.

With a director in place, the CFPB can now, for the first time ever, monitor the activities of non-bank entities, including payday lenders, debt collectors and credit reporting agencies. Many of these entities were "the source of some of the most harmful, deceptive, unfair and predatory lending practices" that led to the financial crisis, Deputy Treasury Secretary Neal Wolin said last month.

Richard Cordray Nomination: Obama Using Recess Appointment Amid GOP Opposition

But CAN he? If he were confirmed in conformation with the Dodd-Frank law he could. But since he was merely appointed, can he? Can the agency?

Anyone who is appointed by a president in a recess appointment can serve until the end of the legislative session.

 

[WillowTree]

Cordray and the agency will be able to do things that consumers will love. Consequently, Republicans are against it.

But CAN he? If he were confirmed in conformation with the Dodd-Frank law he could. But since he was merely appointed, can he? Can the agency?

Anyone who is appointed by a president in a recess appointment can serve until the end of the legislative session.

so when does the recess start? dew ewe know?

 

[Amelia]

Cordray and the agency will be able to do things that consumers will love. Consequently, Republicans are against it.

But CAN he? If he were confirmed in conformation with the Dodd-Frank law he could. But since he was merely appointed, can he? Can the agency?

Anyone who is appointed by a president in a recess appointment can serve until the end of the legislative session.

He can serve as director but in a limited capacity. For his full special powers to kick in, the law specifies that he be confirmed.

 

[J.E.D]

I"ve been here a lot longer than ewe have asswipe.. dish it whydoncya? you aren't the first nor the last to resort to the C word,.. it merely means you are impotent..

You are I P O T E N T!

 

[Amelia]

But CAN he? If he were confirmed in conformation with the Dodd-Frank law he could. But since he was merely appointed, can he? Can the agency?

Anyone who is appointed by a president in a recess appointment can serve until the end of the legislative session.

so when does the recess start? dew ewe know?

Willow, it's not about whether the Senate was in recess or not. It's about Dodd-Frank saying that the director has to be confirmed. Even if Obama's recess appointment is ultimately determined to be legal, Cordray still was merely appointed. Not confirmed.