we got richard cordray live. we're waiting on the justice deputy because a federal court is trying to decide who actually is running that agency now. the justice deputy is supposed to file their brief in the case tonight and so far, i mean, check your watch but we don't think they have done it. after 9:00. so the court will presumably rule once they got this filing from the justice department and everybody has been able to brief on both sides but as of tomorrow morning, who knows who runs that agency. who knows who was really running that agency today. it's not clear it would have been legal for the president to have sent his guy over there today to announce he was in charge. sure, you can say so but if it's not legal, you're not in charge. so i was really siked today to find out we got richard cordray on the show and i found myself getting really interested to find out what senator elizabeth warren may have to say about this, as well and then, and then, and then this happened. >> i just want to thank you because

cordray had his last day at work on friday.s like she's running the agency. the white house has installed someone else. the director of the office of budget nick mulvaney who says he's running the agency. we've been watching this the frank in dodd/frank is barney frank a guest on "the last word with lawrence o'donnell" which starts right now. good evening. >> good evening, rachel. chris hayes told me earlier tonight he believes he is in the 9:00 p.m. hour at msnbc but i believe it is written in law that you are in charge of the 9:00 p.m. hour. >> yeah. >> of msnbc. >> and, you know, when chris hayes shows up here tomorrow at 9:00 i will tell you this i'm not going to leave him the office to have. >> i think chris can actually read that law that says that you

talk about richard cordray. good a job has he done in leading this organization? it has had some high profile cases, including the wells fargo case in which some really terrible business practices were uncovered and addressed by the agency. guest: wells fargo, i'm glad he started with wells fargo. that is a perfect example of reality versus what people read in the news. in fact, wells fargo was the perfect case of what the cfpb should have been doing. there is no better -- if you could pick one thing the agency was designed to do, it was supposed to stop wells fargo. at least the fraud that ended up coming out. what happened was two years they were doing on-site examinations. they did not find those problems at all. then in december of 2013, the l.a. times broke the huge story detailing all the things that were going on. you think at that point they would jump in and get involved, but as a came out the comptroller of the currency and the los angeles city attorney investigated for over two years. the cfpb stepped back and let the other two agencies do all the work.

have somebody nominated by cordray who would run the agency until a democrat got elected president. liz: here's the thing, it was illegal, illegal and unconstitutional for richard cordray to name his interim director. let's back up and explain what the consumer financial protection bureau, is the brain child of senator elizabeth warren borne out of dodd-frank, it explains the federal reserve is not accountable to voters, doesn't answer to congress and basically sets the rules and regulations for the banks across the country. to the earlier point it was the "l.a. times" fleshed out the wells fargo overcharging and booking extra accounts, fake accounts for customers. this is, i think, is such a picture-perfect example, karl, of the administrative state. what would have stopped another leandrea english from a different person from filing suit to keep the bureaucratic job? >> well, i don't mean to correct you, it's worse than you describe. it's not housed at federal reserve. it has its own brand new taj mahal, the most expensive government building. liz: i'm going to -- it answers to th

cordray does not. period. lou: i would have preferred he somehow bring in the u.s. marshals to escort them out of court. the deep 8, the left, the obama holdovers. they think they are in a stage play of some kind. gregg: the judge could have done something. if you abiewts court process, you are in contempt of court. i would have loved to see the judge exercise that rule. lou: i am used to this thing taking weeks. this guy hand it quickly. gregg: a first year law student would have known the answer to this. lou: i think of the other cases that drag out for weeks and months. the first year law students or whatever they were didn't quite work it out. let's turn to the benghazi suspect. cleared of murder but committed terrorism. if you committed terrorism and killed people as you did, how could you not be found guilty of murder? gregmurder?gregg: the federal fy murder rule spellsifies certaint specifies certain fell any but doesn't include terrorism. it needs to be updated. he will spend the rest of his life behind bars. he's look at 45 years if the stebses run consecut

cordray left and mr. trump would get a chance, president trump would get a chance to put someone in this position. so i had a chance to walk through with a lot of folks here who had not been through transition what they should expect. they should expect that this agency will stay open. rumors that i'm going to set the place on fire or blow it up or lock the doors are completely false. i'm a member of the executive branch of government. we intend to execute laws of the united states including provisions of dodd-frank that govern the cfpb. that being said, the way we go about it, interpret it, enforce it will be dramatically different than the current administration than under the last. anybody who thinks a trump administration cfpb, same as obama administration that elections have consequences at every agency. includes the cfpb. i don't have specifics in terms of actions in terms of new attitude we're taking at cfpb in fact that the trump administration is in charge. i tell these folks what is happening im

court documents show attorneys for cordray's pick, leandra english.awsuit and the president's implied endorsement of roy moore will likely loom over mr. trump, during a critical week. he still has to get a tax reform bill passed in the senate and hash out a deal on government spending. and all before end of the year. more now from cnn's boris sanchez. >> reporter: the president returning from a thanksgiving holiday at mar-a-lago to the house on sunday with no shortage of items on the agenda and no shortage of controversy. the president on sunday digging in his heels in his support of roy moore, stopping just short of endorsing the embattled republican candidate on sunday. attacking doug jones via twitter, writing in part, quote, the last thing we need in alabama and the senate is a humor pelosi puppet who is weak on crime, bad on the border, bad for our military and the second amendment and wants to raise taxes to the sky. jones would be a disaster. the president continued, i endorse luther strange. he shot way up in the polls but it wasn't enough. c

. >> once the clock struck midnight, as you were sleeping, most likely, richard cordray stepped down from the consumer financial protection bureau. here is the problem. his replacement depends on who you ask is the replacement. >> a lot of confusion this morning over who is leading the top u.s. consumer watch dog agency. here is why. president trump tapped white house budget director nick mulvaney to be enter richl chief of the consumer financial protection bureau or cfpb. the announcement came hours after richard cordray formally resigned and named leandra english his successor. the appointments of two officials to the same post sets up a political and legal clash here, and the question of who is in charge when employees return to work on monday. massachusetts senator elizabeth warren who helped create the cf p. >>>b tweeted this, the dodd-frank act is clear, if there's a cfpb director vacancy, the deputy director becomes acting director. donald trump can't override that. the administration can appoint a new government official into the job as long as they're confirmed by the senate

the complication is that cordray named his own deputy to be the interim chief. the white house is saying it has the priority to do this. of course it's a senate confirmable position, so there will be an official named appointment later and it will go through that process, but there is a tug of war over who should be in charge right now. and it's against that backdrop of what that agency does, which is intended to try to protect consumers from some of the pitfalls, especially the financial crisis of 2008. some republicans and certainly the director of management and budget have been critical of that agency, saying it has interfered with commerce and business too much. so a real political divide that would be part of the future of that agency as the trump administration tries to put his own imprint on a part of the obama policy legacy. david? >> kelly, thank you very much. >> joining me now, former white house had to president h.w. bush joe watson and professor at the university of texas, victoria defrancesco. victoria, they're reporting from nearby president trum

cordray has gotten billions in settlements from financial service companies for wrongdoing.ome watchdog groups targeted republicans and the banking industry who say he has overstepped. english, his successor, would likely follow his lead. can he do this? democratic senator elizabeth warren thinks so tweeting the dodd-frank act is clear, there is a vacancy, the deputy director becomes acting director. donald trump can't override that. it would just be temporary. donald trump will have a new permanent head of the agency. the senate has to confirm it. julie: leland: that is beside we are seeing politically. mick mulvaney, doing a lot of work on the budget, he called the agency a sick, sad joke so it begs the question why would he want the second job? >> critics say to get it. he has been a critic of the bureau. in congress in 2014 he called it an example of how a bureaucracy will function if it has no accountability to anybody. under cordray, it has been aggressive with the agency pushing hard for penalties, in a conference call the white house says mulvaney will take a commons

agency and both he and the white house as well as the general counsel for cfpb who was apointed by cordray said he has the legal standing to be there and serve as the director and we all agree with that and we are confident moving forward. eporter: why not just fire english? do you believe this white house agrees with milk mulvaney hole called this agency a joke? sarah: the past practices under the previous director and under the previous administration were used more to advance political ambitions and not about protecting american consumers which is supposed to be and we make sure to get back to that. reporter: does the president accept the awe thaw tensity of the "access hollywood" tape? sarah: this was litigated during the litigation and the fact he is sitting here in the oval office today. he made his possession clear at supporters. has his reporter: he seems to acknowledge the authenticity? sarah: the president hasn't hanged his position. reporter: two questions on the cfpb and the first one whether or not you would like the courts to clear up contusion as to who is in control of the

former director cordray, leander english fit that mold. mick mulvaney does not. to the interim, the law established under dodd-frank dictates that ms. english is the acting director of the cfpb. the white house should abandon any efforts to circumvent that succession process. i yield the floor, madam president. >> madam president? >> senator from texas. >> madam president, my friend the senator from new york is my friend and we work together on a number of occasions but i must disagree with a number of things he said today here first of all, the consumer financial protection bureau was a partisan creation i democrats during the obama administration that had virtually no republican support. what they did is they created a modern day emperor, someone aiming from congressional oversight and appropriations process. and now that mr. cortright is leaving following the election of a republican president, they're taking a section to the fact this president president e authority under the law to appoint his successor. and instead insisting that somebody chosen by mr. cord

coming hours after richard cordray officials redesigned.arren tweeted the dodd frank bill is clear. the deputy director becomes acting director. trump can't override that. let's bring back gabby moore and jonathan allen. and gabby, nick mulvaney running both of these agencies. how is that allowed to work? >> well first of all, poor nick mulvaney has a ton on his plate considering both of roles he's likely to play but the trump administration signaled early on they want to hollow out this agency. they didn't think that it was doing a good job or that it was really carrying out what they would like to be doing under this administration and so i think that was the primary reason and putting nick mulvaney in this role as interim director but it is causing controversy because there are conflicting statueutes here. one that directors that the director of the cfpb could appoint a acting director but another that allows the president to apoint somebody to fill a vacancy permitting that they are -- if they are actually confirmed by the senate in ord

cordray. i don't think that is anything different. and the lawsuits may be ill founded and it's the same. [indiscernible question] >> is there a question there? [indiscernible question] >> i will be as independent as donald trump as richard cordray geithner was. [indiscernible question] > to the pay-day rule, i think i'm getting briefed on the rules and regulars and that has gone over to the federal registry for printing but i'll have more details on that. as to ms. english, she wants to show up tomorrow, she is still employed and her ideals are still valid and haven't taken any steps to terminate her, if that's your question. [indiscernible question] >> i don't know the rules. but in the public sector, things are different. no-call, justifies termination. we expect people to work. the people who are here are expected to work. maybe she took a vacation day. i don't know. but we'll find out. this y of mine wrote me morning said you could get sued for showing up for work which is what i got sued. e are going to go by the book. yes, sir,

cordray were to president obama. i don't think that is anything different. and the lawsuits may be ill-founded and it's the same. >> [inaudible] >> is there a question there? i will be as independent as donald trump as richard cordray and tim geithner were from president obama. >> [inaudible] >> to the pay-day rule, i think i'm getting briefed on the rules and regulations tomorrow. and that has gone over to the federal registry for printing but i'll have more details on that. as to ms. english, she wants to show up tomorrow, she is still employed and her ideals are still valid and haven't taken still pretty good or any steps to terminate her, if that's your question. >> [inaudible] >> i don't know the rules. but in the public sector, things are different. i do not know if a no call and no show for one day justifies termination. we will have to find out. we expect people to work. the people who are here are expected to work. maybe she took a vacation day. i don't know. but we'll find out. we do expect people to work here. a buddy of mine wrote me this morning

the agency is obviously reviled by republicans who have been attacking richard cordray for years.was a brainchild of elizabeth warren, who is a favorite punching bag for the republicans. obviously when mr. cordray left he wanted one of his own lieutenants to be a top person in the agency and the white house is saying no and putting mick mulvaney in charge. who is the boss? folks on monday have to see. obviously it matters substantive because mick mulvaney has called the agency a joke and doesn't agree with its functions and powers and obviously cordray lieutenant would be a supporter of continuing to run it the way he does, so it may go to the courts. it looks likely to me. this will have to be decided in the judicial branch. >> seema, is this like the fox watching the henhouse? >> mick mulvaney voted to kill this agency he's now going to be running at least traemporarily yes. elizabeth warren has been tweeting about this and it raises concern among democrats and you're right, people are going to walk into work monday it's like who is the boss today? i think it will head to the co

cordray before he leaves slides in this one, because the rules of from cordray's perspective says he can do that. do you think the law is on president trump's side? >> i think it is. and cordray it resigns on friday. he feels the job that has been left vacant for over two years. and then claims that that person can act until president trump actually gets a permanent replacement confirmed. this is like a modern war of the roses. two different directors are acting as if they have power. it is a question of, how do you construe two different statutory authorities. the department of justice hasn't taken the position that they do not conflict, the president gets to choose who gets to run the agency. even this weekend, the cfpb's own general counsel, we had great his own counsel, she agrees with trump. spill it let me about schumer. he said the cfpb it should be led by somebody who is committed to working to working around-the-clock on behalf of consumers, not by a part-time director who clearly is with the agency. he was looking at this from mick mulvaney and the congressman. listen. >> t

and so that's what you will have in the future and that brings me to my next question about richard cordray who obviously just stepped down from the consumer financial protection bureau he'll be out by the end of the month and he was really looked at as a very tough regulator especially when it comes to things like payday loans and mortgages and so on but obviously he did not come into the picture until after the crisis so how do you think he and his predecessors that were in his role temporarily beforehand did they make any progress oh no absolutely. pity loans to the ways in which to sort of try to grossly roll back into force payday loan abuses the also had some impact in terms of student loans as well and so i think he had a solid start. to great concern that with the do a bit of congress they might do rollbacks and dodd frank maybe is one reason is that the court is sort of stepped. into. the concern is what comes in the aftermath of richard cordray great so it sounds like you might be concerned about who could replace and precisely who replace him is really the big question though the

cordray, this modern-day financial number should make a choice and voice that on this administration will clearly this administration was elected in part in response to the overreach of the previous obama administration. this is an example of how nimble my colleagues compute the facts. complaints about the fact that the tax bill is not partisan enough for him when in fact democrats have made it clear they don't want to do anything that would give credit to this administration or the majority. rather than finding common ground they've taken up the resistance. leaving the results of the election unresolved even though the american people have moved on and expect this administration to actually govern. i remember times and we had elections we actually figured out we need to govern or not focused on the next campaign, but apparently her colleagues have forgotten that. the good news it's not too late to change ways and join us and bring historic tax reform to the american people. this week will consider the senate's version floated out of the senate finance committee last night which is t

host: and what's next for richard cordray? the columbus dispatch asks. will he run for governor of ohio? the former ohio attorney general richard cordray's decision to leave the federal consumer watchdog agency he helped found creates uncertainty in that agency future and perhaps high drama in the race to replace governor john kasich. bob in oxford, pennsylvania, independent. bob, back to our discussion on taxes. good morning to you. caller: america has a wonderful program as c-span always does have. i've been sitting here listening to all these conversations. a lot of them have already take en some of my funder. the guy from illinois's kind of really hit it on the head. nd i know that ronald reagan was the start of the working man's downfall. one of the first things he did when he got into power was to fire 100,000 union workers and we've been sliding downhill ever since. and bill clinton has to take his part in it too and the republicans, when they sent our jobs overseas. wasn't -- there wasn't for free trade, it was for corporations avoidfind slave la

cordray step down. namingimmediately after leandra english, president trump said he planned to go ahead with his own appointment of budget director mick mulvaney i'm who has voted in favor of killing the bureau. suing.lish is who will show up at work today? then can the emergence of nontraditional candidates help revive faltering democratic party that is facing his lowest approval rating and nearly quarter-century? we will speak with democrats who on key races with grassroots sources outside the democratic party in november. in short, north carolina, braxton winston is a former middle school football coach who took to the streets in 2015 to along with hundreds of people to protest police reality. his win militant secure the second highest number of votes for an at-large charlotte city council seat. >> it was a moment when the fear of what could happen changed to that weg of empowerment are doing the right thing. amy: we will also speak with lee carter, a former marine who unseated the republican majorit

but hours after cordray resigned, the trump administration named its budget director, mick mulvaney, as acting director of the bureau. today, the white house said it has the legal authority to appoint mulvaney and that he'll take over monday morning while keeping his budget job. it cited the federal vacancies act, which lets a president name an acting head of any agency who's been approved by the senate, like mulvaney, for another post. in the past, mulvaney called the agency "a sick, sad" joke, adding it had too much authority to regulate the financial industry and too little accountability. massachusetts democratic senator elizabeth warren, who proposed the creation of the agency, said today on twitter the law is clear, leandra english is acting director and president trump can't override that. the dispute could end up in court." time" magazine is disputing president trump's characterization of how it chooses its "person of the year." president trump, last year's person of the year, said on twitter yesterday that "time" had called him to say "i was probably going to be named" and w

what you think about governor cordray?r hickenlooper: i have not had enough time to analyze that. governor kasich has been a good partner in terms of trying to find democrats and republicans to speak about why a balanced approach to reforming health care, a balanced approach to reforming the tax care system -- how it makes sense. i will look at any democratic candidate in any state that has potential. we will look at closely and try to support it. scarlet: what is the takeaway for you when you look at the gubernatorial victories in washington and virginia and new jersey? at the state level, democrats did fairly well this month. how do democrats, how did democrats carry the momentum into the next election cycle? governor hickenlooper: i think there is a lot of emotional momentum behind the democrats right now and i think it was interesting to see that in virginia the candidates up and down the tickets, that were successful, were grounded people. they were balanced. the new governor of virginia is a remarkably talented, i th

but cordray appointed leandra english before the appointment. her lawyers are considering their next step. >>> two other issues the president is dealing with. the tax overhaul bill and a new budget deal. the republican tax bill is headed for debate in the full senate. a vote could come this week, but the government runs out of money a week from friday and democratic leaders boycotted a deal aimed at cutting a deal following a presidential tweet. weijia jiang explains. >> reporter: president trump sat between two empty chairs reserved for nancy pelosi and chuck schumer, both no-shows at a planned white house meeting. >> they've been all talk and no action, now it's even worse. now it's not even talk. >> reporter: they were set to talk about government funding. they're calling them weak on crime, adding, quote, i don't see a deal. >> mr. president, it's time to stop tweeting and start leading. there are serious questions that must be answered and many things that must be done. >> reporter: the showdown between the president and democrats came as s

. >> the head of the cfpb richard cordray said it's his intention to resign as hayt head of that officee end of the month there's an extended letter here, talking about the accomplishment of the agency on his watch as i said many times before, but i feel as much today as ever before, it's been the joy of my life to have the opportunity to serve our country as the first director of the consumer bureau by working alongside with all of you here, but, again, the bottom line in the headline in all of this, i've now told the senior leadership of the administration of presumably of congress that i expect to step down from my position before the end of the month. back to you. >> hampton pearson, thanks very much a lot of speculation about whether he would run for governor of ohio something he refused to talk about the last time he was on our show. >> one of the ohio supreme court justices said when he got into the race that he would back out of the race if cordray were to get in, so we're still awaiting any potential announcement there. for the last six weeks, people in the financial industry h

president trump appointed him over the weekend after former director richard cordray resigned by cordray appointed lea i leandra english to take over. she then sued. today protesters including senator elizabeth warren who helped start the bureau stood outside there and demanded that mulvaney resign. >>> new tonight, an interesting twist as this special election of the u.s. senate gets closer. embattled senate candidate roy moore will get a little help on the campaign trail from steve bannon. the breitbart founder and former white house strategist, will campaign for moore in alabama next week. nine women have now accused moore of making improper advances on them as teenagers. moore denies those accuse igss and vows to stay in the race. >>> a third woman is john conyers of unwanted advances when she worked for him. that woman tells the detroit news in the late '90s conyers touched her inappropriately and invited her thouo share a hotel room. an attorney for conyers says the michigan congressman denies any wrongdoing. there's already an ethics investigation into allegations against conyers.

but cordray picked liana english. english who was the deputy director filed suit to block mulvaney from taking over. as of right now mulvaney is in charge of the bureau. this bureau is important because it helps protect people against financial companies such as mortgage lenders and credit card companies from exploiting consumers. >>> president trump took time today to honor world war ii navajo code talkers but then the ceremony quickly turned political with observers saying he used racial slurs. >> you were here long before any of us were here. although we have a they say was here a long time ago. they call her pocahontas. >> the president directed those comments at senator elizabeth warren. warren says she has native american roots in her ancestry. warren responded to the president's comments calling them unfortunate. the white house says it was not the president's intent to make a racial slur. >> new at 11:00 tonight new protocol at the university of maryland to address the increase of hate biautos incides inciden

who resigned friday, but cordray and obama appointee announced leandra english was going to replace him. >> it doesn't surprise me that that grows out of an agency that thinks it's not accountable to anybody in the first place. >> reporter: english met with democratic leaders on capitol hill monday afternoon. >> the process for succession laid out in dodd frank is clear. leandra english, not mick mulvaney, is the acting director of the cfpb. >> reporter: the independent bureau was created in the wake of the 2008 financial crisis to protect consumers and keep watch over financial institutions. >> this is a hostile takeover of the consumer financial protection bureau by wall street, the big banks, the payday lenders and the financial services industry. >> reporter: mulvaney has already imposed a 30 day hiring freeze and halted all regulations for that same period while he gets up to speed. weigia jiang, cbs news, the white house. harry is officially engaged report >>> britain's royal family will soon welcome an american. prince harry officially engaged to actress meghan markle. report

and then you have the choice -- chosen contest -- chosen successor of richard cordray.more aggressive watchdog actions and financial institutions. somethingyou have that needs to be solved by the courts, they are basically that the one case richard cordray successor should take the lead in the other cases the president has the authority to choose the next person on an interim basis. david: i confess, i was a lawyer and that -- blackstone said that the law. hascommunications director posted an image online of mr. mulvaney, who is apparently at work, running the cfpb. if he in fact goes forward, here we have him hard at work, if he can continue through this and do what he says he's going to do, it becomes a moot point, doesn't it? that does seem to be the case. you have him at work, sending out memos to the staff, tending them to disregard the andhra english and the actions she's taking, potential directives she may be putting forward. you also have the general counts siding withel their the trump administration, saying the president has this authority. unless a court rul

in so the senate is what comes in the aftermath of richard cordray from great so it sounds like you might be concerned about who could replace him precisely who replace him is that really the big question though the though of also also hurt. because he has to. there's going to be less of a of a will a push to roll back the influence of powers of c. of p.b. so maybe the congress and the white house my focus on things like like tax reform or other financial issues ok so back to the u.s. economy for a second if in a perfect world we found a way to get rid of all these hidden what would the u.s. economy look like i mean these companies are making billions of dollars a year it sounds like achieve a few g.d.p. percentage points off me would i be. looking at the micro level of some. individual u.s. households and so would maybe fifteen to twenty percent back to the pocketbooks of the american consumer that would in turn mean more money in their pocket to spend on more goods and services as well so and we're also fees is also a massive transfer of wealth from the middle class to the one percent a

cordray has been a lightning rod for president trump and republicans who oppose his agency's work.as created after the financial crisis under the dodd-frank law to get aggressive with predatory lenders. the agency secured $12 billion in refunds and cancelled debts for 29 million consumers, but this fall congress killed the cfpb's arbitration rule which lets consumers join class action lawsuits against financial institutions. >> we can't be surprised. listen, trump administration is all about deregulation, that's not what the cfpb does. we can only hope mick mulvaney who looks like he'll take this over, you need to look out for the little guy. >> that's it for us. thank you for watching. that does it for "velshi & ruhle." you can catch us together every weekday at 11:00 a.m. >> you can find me at 9:00 a.m. and this guy -- >> at 3:00 p.m. have a great weekend. >> see ya. s. this is the j.d. power award for dependability. now i want you to give it to the friend that you think is most dependable. ohhhh. ughh. wow. that's just not fair. does she have to? she doesn't have to! oh, i don't

now they have hounded rich cordray out of office and can you say governor rich cord ray in the state of ohio? and at the same time, mr. sessions, who left his seat in alabama, in order to become attorney general, can you now say united states senator doug jones, the democrat, who is up by eight points in the most recent poll by brand x news network, which often doesn't reveal information favorable to democrats. so this thing is full of iron knironys as it relates to all of it. >>> i get to get with the information about senator al franken. >> i don't think he ought to resign unless president trump resigns. >> that was it. i mean very concisely, boom. that was the question. what do you make of that response and where do you stand on senator franken's political future given these allegations? >> i think that senator franken himself has called for a senate ethics investigation. i think that's the appropriate next step to take in that process. and i think my dear friend, john yarmuth, who's one of the most outstanding members of the united states house of representatives was being his us

richard cordray was appointed by president obama. he is leaving the office to go back to ohio to run for governor as a democrat. so you could see the political overtones in this. the white house is saying there is a vacancy at t-- statute to their own choice. >> and that organization helping some 29 million americans since it was created. nbc news kelly o'donnell. thank you for bringing us up to date. >>> a new report claims robert mueller is reportedly looking into flynn's -- michael flynn's financial ties to the turkish government. what could mean for michael flynn and the russian investigation. i just got my cashback match, is this for real? yep. we match all the cash back new cardmembers earn at the end of their first year, automatically. whoo! i got my money! hard to contain yourself, isn't it? uh huh! let it go! whoo! get a dollar-for-dollar match at the end of your first year. only from discover. >>> we have new headlines for you on this saturday. in special counsel robert mueller's russia investigation, the "wall street journ

they call cordray's maneuverer a stunt. the course close to mulvaney tells cnn he is expecting a normal transition and not some kind of face off when he shows up at the bureau this morning. >> senator tom cotton a long time foe of the agency also backing the president. calls the bureau a rogue unconstitutional agency and adds english's lawsuit is just the latest lawless action by the organization. the president should fire her immediately and anyone who disobeys director mulvaney's orders should be fired summarily. >> it was created after the 2008 financial crisis. despite criticism from republicans, the bureau has had its share of success. it ordered wells fargo to pay a $180 million fine and pay $5 million in refunds in the wake of the fake account scandal. they also got payouts from city bangen a bank. >> congress returns to washington this week with no major legislative achievement this year, it is crunch time. president trump already tweeting his support for tax cuts. adding senate republicans will hopefully come throu

. >> at the stroke of midnight, the man heading the consumer protection bureau, richard cordray stepped down. the question is who is going to replace him as of monday? that depends on who you ask. >> a lot of confusion this morning over who is leading the top u.s. consumer watch dog agency, and here is why. president trump tapped white house budget director nick mulvaney to be interim chief of the cfpb. the announcement came just hours after the outgoing director richard cordray, an baem appointee formerly resigned and named leandra english the successor which makes her the acting director. the appointments of two officials to the same post sets up a political and legal clash here. the question of who is in charge when employees return to work on monday. elizabeth warren who helped create the cfpb tweeted this, the dodd-frank act is clear. if there's a vacancvacancy, they director becomes acting director. donald trump can't override that. the administration can opinion point a current government official into a new job as long as they're confirmed by the senate under the federal vacanci

english is richard cordray's hand picked successor.nd leandra english both showed up for work and english offering her appreciation to the employees, mulvaney ordering everyone to disregard her instructions, despite past comments about the agency mulvaney says don't be alarmed. >> this agency will be open. rumors i'm going to set the place on fire or blow it up or lock the doors are completely false. i'm a member of the executive branch of government. we intend to execute the laws of the united states. >> also declaring an immediate 30-day freeze on hiring and all new rules regulations and guidance, not burning the place down, but freezing it. >> richard cordray will be on "new day" today. he'll have a lot to talk about. time tore a look at what else is coming up on "new day." anthony scaramucci back. >> i'd like to hear what's going on. >> you're talking about kutufts. he had a little drama. >> really his analysis of the current press secretary. >> i like it. i'll use it. christine, what do you got? >> i defer to you. you are the mast

but cordray tried to name his own successor. and the story is fascinating to me.ing to have two duelling directors, essentially showing up for work on monday. >> i can't wait to see if monday they arm wrestle. one of the two people claiming the title of acting director. one called it a sick, sad joke. and he named english as the director. the dodd-frank act claims that's the proper procedure. cordray has gotten settlements from companies for wrongdoing and made him a hero, and a target for the banking industry who says he's overstepped his mandate. english, his hand picked successor would follow his lead. and, look who the president appointed, mick mulvaney. he called it a joke and an example how bureaucracy will function if it has no accountability to anybody. today in a conference call, the white house said that mulvaney would take a common sense approach until the president can name a permanent director in the upcoming weeks. and the federal vacancies act allows this, opposite of dodd-frank. we'll see how it plays out. if you have a credit card, a student loan,

mick mull vaivaney was chosen, after richard cordray it was his last day on the job a week earlier than expected. so now there is one agency, two directors and no clear answer about who is going to be in charge going forward. let's go to msnbc's kelly o'donnell in west palm beach, florida. kelly, help us sort out what's going on with the cfpb. >> reporter: congratulations, david, good to be with you today. welcome to msnbc, and to answer your question, this has a backdrop that is familiar in the era of the trump administration, where there is a difference on an agency that really had its start during the obama years, with a very different sort of political direction, and richard cordray, who was leading that agency, has stepped down to run for governor of ohio, as a democrat. so there's a lot of political overtones to this. because of the charter of the agency, he named his own deputy to be the acting director, and the white house, which has a very different view of the effectiveness and the role of this kind of a bureau, named its own mick mulvaney who runs the office of management and

former director cordray, leander english fit that mold. mick mulvaney does not. to the interim, the law established under dodd-frank dictates that ms. english is the acting director of the cfpb. the white house should abandon any efforts to circumvent that succession process. i yield the floor, madam president.