right choice we want somebody with a proven track record of meeting the mission of the consumer financial protection bureau and that is protecting consumers you have but you have this dilemma mick mulvaney in that capacity at least at this time federal judge says it's ok for him to stay there or an unknown you know door number three as it were if you all post or you're not too early to tell well it's too early to tell us he certainly doesn't have a track record that makes us support her we do want a senate confirmed director we think that male mick mulvaney should not be there at the very least anybody who's there should be a caretaker and mick mulvaney is not a caretaker he's dismantling the agency he's reorganizing he's closing important funk. sins of discredit fighting discrimination he's threatening to close the consumer complaint database. this is not a caretaker and we were that whoever succeeds same will continue the same also troubling is that under the c.f.p. structure if and when that person is confirmed they serve for a five year term so one of the cynical plays here could be that he remains the

mick mulvaney, croling the consumer financial protection bureau, -- controlling the consumer financial protection bureau, has rolled back the oversight of payday lenders. ryan zinke, interior secretary, has pushed more off-shore areas to risky oil and gas drilling. president trump has even worked to weaken the consumer product safety commission, the agency that makes sure that toasters don't explode. he has nominated a new chair who has opposed safety protections for table saws and nominated a new commissioner who defended companies that knowingly, knowingly sold all-terrain vehicles that tipped over and crushed children to death.i could keep these examples make one thing clear. president trump and his team have embarked on an aggressive effort to kill the rules that protect the american people from corporate predators. ok. now is the part where we need to state the obvious. no. i don't think every regulation is good. sotigulars get i wrong. sometimes old rules need updating. sometimes rules should be eliminated outright, and the corruption of our rulemaking process now runs so deep th

nick mulvaney controlling the consumer financial protection bureau has rolled back the oversight of pay day lenders. ryan zinke, inferior crary, has pushed to open up more offshore areas to risky oil and gas drilling. president trump has even worked to weaken the consumer product safety commission, the agency that makes sure that toasters don't explode. he has nominated a new chair who has opposed safety protections for table saws and nominated a new commissioner who defended companies that knowingly, knowingly sold all-terrain vehicles that timid overnd crushed children to death. i could keep going original but these examples make one thing clear. president trump and hits team have embarked on an aggressive effort to kill the rules that protect the american people from corporate predators. okay. now is the part where we need to state the obvious. no. i don't think every regulation is good. sometimes regulators get it wrong. sometimes old rules need updating. sometimes rules should be eliminated outright, and the corruption of our rule-making process now runs so dp that sometimes rules

after the financial crisis, we fought for consumer financial protection bureau that would be a strong cop on the beat making financial products safer. we fought and we won. can we have a good round of applause for that? and now i will reassure you if you think applauding for the agencies makes a nerd, they've already put strong regulations in place on mortgages and student loans and credit card and has forced the big financial institutions to return more than $12 billion directly to the consumers. the agency was under attack and the administratio administratiof lobbyists were determined to th cost of the consumers it's not just the cfp b. that is under attack. the. powerful corporation corporatior republican allies are working overtime to roll back the basic rules that protect. so, why is this happening? why you favor the profits of wall street over the economic security of american families? the answer is pretty simple, corruption. an corporations and wealthy individuals are working in the shadows to make sure that government works for them, not for the people. the corporations and r

after the financial crisis, we fought for consumer financial protection bureau that would be a strong cop on the beat making financial products safer. we fought and we won. can we have a good round of applause for that? and now i will reassure you if you think applauding for the agencies makes a nerd, they've already put strong regulations in place on mortgages and student loans and credit card and has forced the big financial institutions to return more than $12 billion directly to

the settlementth the consumer financial protection bureau will refund more than 1.7 million customersrlier this year, citi d discloit had used a flawed methodology when determining which customers were eligible for a rate reduction. >>> well, a part of toy history is now gone. the last of the remaining toys r us stores are closing their doors for good this wee as you know, the once popular toy chain filed for bankruptcy back in se and today a simple message was posted on toys r us website that read, don't ever grow up. play on. >>> are you tired of getting stuck in traffic heading to that resort town maybe for this weekend's getaway? helicopters haeen the desired mode of transport for several years now, and they're now swarming at rich beach towns around the country. new technolgy making it easier and cheaper to book, andat th yuld mean less headaches for residents in thears to come. robert frank is in new york for the battle brewing over helicopters. >> reporter: it's a picture perct day here in th hamptons, which means cocktail paties and noisy helicopters.ss the busineof ride shari

malfeasance at home and abroad and president trump is nominated a new leader for the consumer financial protection bureau which is anti-consumer is the current acting director of mick mulvaney west bartlett's nailer of public services then with the world cup fever going on around the globe how much does it take to host the enormous of that we'll talk about all that america not so football yes soccer with our two steve christakis lots to get to but first let's hit a few headlines. the hits keep keep coming in the ongoing trade war with the tariff tit for tat earlier today the european union slapped tariffs on a strategically targeted list of three point two billion dollars of u.s. imports wielding a scalpel. against trump's sledgehammer the e.u. targets include bourbon famously made in kentucky home of the east state senate republican leader and rice another target impacting the heavily republican state of arkansas the terrorists were deployed earlier than expected and add to a similar move by canada mexico russia and china while experts warn of unintended consequences of the relatively narrow e.u. respon

malfeasance at home and abroad and president trump has nominated a new leader for the consumer financial protection bureau which is anti-consumer is the current acting director of mick mulvaney west bartlett naylor a public citizen and with the world cup fever going on around the globe how much does it take to host the enormous of that we'll talk about all of that and the economics of football yes soccer with our two steve christakis lots to get to but first let's hit a few of. the hits keep keep coming in the ongoing trade war with the tariff tit for tat earlier today the european union slapped tariffs on a strategically targeted list of three point two billion dollars of u.s. imports wielding a scalpel against trump's sledgehammer the e.u. term.

learned that congressman darrell issa is among the candidates to be the next head of the consumer financial protection bureau he is sick -- if you selected, the republican will replace interim leader mitch mulvaney. darrell issa is running for reelection. disaster floods are getting more expensive so the u.s. government is doing what the private sector does, it is buying reinsurance. government started buying reinsurance for the national flood insurance program. reinsurance is bought by insurers against unexpectedly high claims. global news 24 hours a day, on air and @tictoc on twitter powered by more than 2700 journalists and analysts in over 120 countries. leinz.iley this is bloomberg. at&t has now won approval to take over warner.the $85 billion deal wile a media powerhouse and could spark a wave of other mergers. optimism is sending media stocks higher. joining us with his take on the deal and what it means for the sector is leo hindery, managing partner of intermedia. he is also the former president and chief executive officer of at&t rock band. -- of at&t broadband. we have talked many times in the pas

elizabeth warren has moved to block president trump's nomination of a new chief for the consumer financial protection bureau. she's currently at the office of management and budget. warren has put on hold the nomination. she wants her to turn over documents about her role in the administration's zero tolerance immigration policy. new home construction rose to the fastest pace in a decade last month. residential starts rose 5% between the annual rate of 1 oosm 3%. the only region was to see a growth, where stocks rose 62%. eanwhile, a proxy for future construction. immigration will be the focus when president trump meets with lawmakers today. they want to end the separation of families caught trying to enter the country illegally. the president is showing no sign of giving up his policy. and in the u.k., british prime minister theresa may's government is trying to head off a potentially humiliating defeat over brexit. officials will meet today with lawmakers pushing more for over the divorce process. hey won't be offering any more concessions. they vote vome on an investment. global news 24 hours a day and a

reigning in the consumer financial protection bureau, mulvaney, defunding plawa under parenthood. work requirements for federal welfare programs and expanding gun rights. is that the list of what you think is on the minds of fellow senators? >> there's a lot of other things. if you don't the list that ted and i sent you, sent uour it right. we think we've done more working with president trump in the last 17 months than any other conservative government in 30 years. we don't have a majority like this. republican congress and republican president often. since 1932, over 86 years we've had eight years. so there's one more thing that we can do with 50 votes. ted and i want to make sure we know what it is and recommend it to our caucus. >> dana: yesterday senator mcconnell said every one will stay in washington d.c. in august. i've been there plenty of times and people would like to be other places because it's a hot, stickyess but there's aot of work to be done. senator schumer taking it in stride saying fine, we want to work too. this is what he says ty want to push during recess in

the consumer financial protection bureau, someone in charge right now who wants to change the whole missionsay oh, but we're also here to help the creditors. wait a minute. this is the agency that's supposed to make sure people don't get cheated. on their mortgages, on their student loans, on their credit cards. that's the whole reason that agency's there. and just trying to hollow that out from the inside and turn it around. a department of education where the head of the department of education, what's your job at the department of education? it's to promote public schools, to try to be helpful to public schools. to protect our students who are being cheated on student loans and make sure that doesn't happen. put good regulations in place and monitor it. and what's happening? we've got someone, betsy devos, heading up the department of education who's hiring, bringing on board people who work for those for-profit colleges that have cheated students and just recently announced, hey, we're going to put somebody in charge who is going to get the right again to be able to sign off on which sc

: white house budget director mick mulvaney fired the entire advisory board of the consumer financial protection bureau on wednesday in the latest move by the trump administration to render the agency toothless. sees as acting director of cons watdog, request0 in funding fhe this year. as a republican congressmember from south carolina, mulvaney repeatedly voted in favor of bills that would have eliminated the bureau. haruled that environmental protectincyge head scott pruitt must p produce evidence to back his claims that not the primary cause of climate change. the lawsuit stems from a freedom of information act request filed by a watchdog grh sought to have the epa cite any studies that might be used to corroborate pruitt's claims, which defy nearly all available climate science. the foia request came after pruitt made this remark on cnbc in march of last year, not long after his confirmation as epa mitor. measuring with precision human activity on the climate is someg very challenging to do and there is tremendous disagreemement about the degree of impact. no, i would not agree that it is a primary

the interim head of the consumer financial protection bureau is disbanding three boards whose members include consumer advocacy groups. it's part of a broader overhaul of the agency by white house budget director mick mulvaney. he says the organization is too powerful and is overstepped its mandate to stamp out lending abuses. the dow surged 346 points. back above the 25,000 mark. s&p 500 up 24. nasdaq finished i had 51. president trump is touting his own influence in high republican turnout in primary elections held yesterday in eight states. much of the focus was on california where the state's unusual jungle format could have locked out one party completely out of the november races. course by the peter doocy has an update. >> california's gubernatorial primary didn't have a blue wave. instead, a republican riptide. >> make california the golden state once again. >> with that familiar sounding slogan after a strong finish to put them on the ballot, republican john cox is channeling president trump while democrat gavin newsom is tweeting to him, urging the commander-in-chief to go f

they talked about the man running the consumer financial protection bureau, now the democratic nominee for governor in ohio. they talked about trump. they reminisced about their times together, started to think about what the party is looking like going forward. >> joe biden, somebody he still talks to on the phone. a close friend. is there any inkling he was encouraging to joe biden? >> he has generally taken the approach, both when biden was looking at the 2016 race and in this race of letting bid come to his own decision and being there as a friend to counsel him but not as a cheerleader and not as -- at least directly a detractor of the idea that biden should run. >> he is not going to just jump in, say, okay, this is my man, this is my woman, whoever it might be. if you read ben rhodes' book, he's a little concerned. he's very thohtful about what happened to hillary clinton. so what do you see as his role in all this? >> i think that he has an important role. he can raise a lot of money. he can campaign for democrats. but in this particular moment he with talk about his experience

. >>> citigroup will pay hundreds of millions to customers in a deal with the consumer financial protection bureau,750,000 commerce petition used flawed methodology to determine whether the credit carted customers were eligible to receive an interest rate reduction. some customers may have overpaid. the refunds will be completed by the end of the year. the cfpp points out that citigroup self-identified and self-reported the problems to the bureau. if you have a consumer ke or concern you'd like me to look into, please record a 10-to 15-second long video. use the hashtag ask finney so i can find it. you can reach me on facebook and through abc7news.com. >> thanks, michael >>> the bay area is home to a dance group like no other. >> up next, you're going to meet a young man trying to live out what some may think is an impossible dream. >> on abc 7 news at 5:00. deal talk. to make sure my new $5.99 spicy chicken club combo is a great deal. i asked a sales expert. it's amazing, jack! you get a spicy crispy chicken breast, hickory-smoked bacon, and melted cheese on toasted sourdough, plus fries and a dr

president mike pence and mick mulvaney, is also serving as the acting director of the consumer financial protection bureaumr. mulvaney dined with the evening, andnesday the president discussed the chief of staff position with him. charles from louisiana, republican. caller: good morning. i have several things. wrayld like to start with and rosenstein. i felt like the republicans -- and i am republican -- i felt like some of them were very unchained, those two. i think they are striving to do their jobs and i think if you just let them finish it, trump and all of them will probably be vindicated. should not have anything to fear if they are not guilty. and then on the border, the democrats want to confuse illegal immigration in our country. i tell you, what they need to do is leave their own doors unlocked tonight and let anybody andhat is legal or illegal see how they feel about it. if they don't want to do that, they need to fix our borders. host: ok. caller: i wanted one more thing. host: all right, go ahead. caller: that man that called in and compared a little baby to tonsils or something like that, i

office of management and budget as well is the acting director of the consumer financial protection bureauulvaney. let's listen in. pleasantlyas surprised by when i got to the bureau is that of the 1700 permanent career employees who the vocal, that minority that really hated me and wanted to send me on fire was minimal. most folks wanted to be good bureaucrats. that was helpful. when you are in a bureaucracy which is what i am now, what you want is professionals who can work as hard for the obama administration and the last date as they do for the trump administration on the first-day. and then work hard with the next demonstration or you can't have a bureaucracy that picks and choose. eric: there was no deep state. mr. mulvaney: not as much as i was worried about the way got a lot of a better product more quickly than i expected. it has been less burdensome than i expected. eric: how often do you talk with the president? mr. mulvaney: it depends. today, a couple times. i could go weeks at a time without seeing him and there will be times where we talk four times a day. it depends on the

we at the federal level needs to make sure that the consumer financial protection bureau is strong so we can make sure that these folks are not getting, you know, trapped in payday lending. i know we're running short on time. i want to make sure we get some of these read. i want to read one from my home state. esh is testimony from mi buckmaster. i'm 28 years old and proud a single mom of a beautiful 1-year-old girl named ella. i live in west port, in grace harbor county, washington. i spent five years of my life homeless. once during my homelessness, a neighbor tried to assault me by throwing a log through the window of the empty building where i was squating because he was so enraved that -- enraged that homeless people were living on their block. i got section 8 housing before my daughter was born. for 110 days last winter, chaplains on the harbor hosted about 20 people in our church. most of them millennials who caught a record trying to survive in a county with no good jobs, no decent, affordable housing, horrible health care, and plenty of heroin. business and property owners we

he plans to nominate kathy crani nger to run the consumer financial protection bureau currently an associate of management and budget omb. democrats are expected to fight her confirmation, following strict conservative reforms at the bureau, and hundreds of washington post employees slam ming liberal billionaire owner jeff bezos for not sharing the wealth. the post guild claiming in a petition they're not being paid enough despite increased digital subscriptions and online traffic , bezos of course is also the founder and ceo of amazon. we will follow that, not spreading the wealth over there. well immigration showdown this week president trump heading to the hill tuesday to meet with house republicans as two gop bills head to the floor. abby: here with a preview former campaign managers corey lewandowski and david bossie wrote the book on trump being trump they join us to weigh in happy father's day to both of you we want to get to that in a moment but first let's talk about immigration because it is going to be a big week and the president campaigned on being the negotiator in chief. corey

today, the bureau of consumer financial protection announced a settlement with citibank the bureau concluded citibank violated the truth in lending act by filing to reduce the annual percentage rate for 1.3 million consumer credit card accounts citibank corrected the practices. they must pay $335 million in restitution to consumers, not to the cfbp but to the consumers affected by the practices. citi at this point says it is very glad that it has resolved the issue and apologizes once again to the customers that have been affected. melissa, back to you >> thank you let's move on to another big mover, general electric. up more than 5% after announcing its restructuring plan stephen tusa of jpmorgan joins us on the phone. great to have you with us. i got to warn you, we're expecting the president, so i may have to interrupt you. i want to get to your view of general electric the latest plan is not enough deleveraging to move the needle here >> first, there's a couple of key points here. >> it's not a surprise or net negative first of all, on that $60 billion, that is the number that they basic

when warren established the consumer protection bureau, there were vested interests in wall street and financial institutions that pushed back . nevertheless, she persisted and she won, she got the bureau founded. in 2012, senator warren ran for senate against an incumbent in a state that had neverelected a woman as senator. nevertheless, she persisted and she won and today she is persisting in being a bright spot in a congress that has become a black hole for civil liberties. among the many bills that senator warren is sponsoring are able to report outdated marijuana policies .a bill to end discrimination based on sexual orientation in public schools. all built to improve procedures for handling complaints of sexual harassment against congressional employees . reforming the use of solitary confinement by the bureau of prisons and i know you're not going to care about this one, a bill to protect children affected by immigration enforcement . we all know that none of these bills is an easy risk but nevertheless, do we wa senator warren to persist in persisting? i want to tell you i happen to be a

when warren thought for the consumer protection bureau there were a lot of vested interests in wall street and financial institutions that pushed back. nevertheless, she persisted and she won, and in 2012 sen. warren ran for senate against the popular incumbent in a state that never elected a woman as sen.. nevertheless, she persisted and she won. she is persisting in being a bright spot in a congress that has become a blackhole for civil liberties. among very many bills sen. warren is sponsoring, bill to reform outdated marijuana policies, a bill to end discrimination based on sexual orientation in public schools, bill to improve procedures for handling sexual harassment discrimination against congressional employees and using solitary confinement in the bureau of prisons. i know you won't care about this but a bill to protect children affected by immigration enforcement. we all know that none of these bills is easy but nevertheless do we want sen. warren to persist in persisting? i want to tell you i happened to be at a meeting of democratic senators on february 8, 2017, in a totally nonpartisan fashi