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Nov 6, 2017
11/17
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CSPAN
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the u.s. census bureau are jointly leading the census. each has nearly three decades of congress now conducts census overviews that will require metric tracking on a real-time basis. congress also has monthly meetings with omb, census program managers and commerce 2020 leadership team under secretary kelly to review issues related to the program's budget is, scope, and risks. these management meetings include detailed reviews of the evolving budget and lifecycle cost estimates for the 2020 census. the results of these meetings are reported directly to me by undersecretary kelly and her staff and we maintain a free flow of access and information so i can person of late -- so i oversee thely dissent yelp. we are now 30 months away from the 2020 census. there are still many challenges ahead. the need for additional resources are urgent. and the details i've listed the additional resources requested, i am confident we fair, anda full, accurate census. i look forward to working with this committee, your staff, and the rest of congress over the
the u.s. census bureau are jointly leading the census. each has nearly three decades of congress now conducts census overviews that will require metric tracking on a real-time basis. congress also has monthly meetings with omb, census program managers and commerce 2020 leadership team under secretary kelly to review issues related to the program's budget is, scope, and risks. these management meetings include detailed reviews of the evolving budget and lifecycle cost estimates for the 2020...
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Nov 24, 2017
11/17
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CSPAN
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that is the disc -- bureaus. that is the disconnect of the system today -- your information can be gathered in many places. my college id, years ago, had my social security number on it. military ids had them. medicare cards have them until next year. it is incredible that social security numbers are just out there. guest: is there -- host: is there any reason that you see that these breaches are becoming more commonplace? guest: there are a lot of legacy data systems the companies are using. companies are not doing a good enough job -- in particular in the case of equifax, there -- has testified in front of congress and made the truth statement consumers are not our customers. we are not their customers. we are their product. they don't care about us. at the same time, equifax is in one business -- they buy and sell information about us. they collected, buy it, and sell it. they should do a much better job, but they have not been held accountable. host: finish up. guest: european companies are going to be subject
that is the disc -- bureaus. that is the disconnect of the system today -- your information can be gathered in many places. my college id, years ago, had my social security number on it. military ids had them. medicare cards have them until next year. it is incredible that social security numbers are just out there. guest: is there -- host: is there any reason that you see that these breaches are becoming more commonplace? guest: there are a lot of legacy data systems the companies are using....
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Nov 27, 2017
11/17
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CNNW
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who's running the consumer financial protection bureau this morning. sident trump's choice, mulvaney? he was also the director of the office of management budget. or is it leandra english, the hand picked successor, an obama appointee. last night english filed a lawsuit. her suit argues the dodd-frank law entitled herb to the job. >> for context. here's what mulvaney said in 2014 about the agency. >> the place is a wonderful example of how a bureaucracy will function if it has no accountability to anybody. it turns up being a joke. that's what it really has been, in h a sick, sad kind of way. >> the president named mulvaney acting head after outgoing chief cordray appointed english. the administration calls cord ray's maneuverer a stunt. a source close to mulvaney teles cnn he's expecting a normal transition. >> senator tom cotton, a long time nemesis also backing the president. in a statement he calls the bureau a rogue unconstitutional agency and adds leandra english's lawsuit is just the latest lawless action by the cfpb. the president should fire he
who's running the consumer financial protection bureau this morning. sident trump's choice, mulvaney? he was also the director of the office of management budget. or is it leandra english, the hand picked successor, an obama appointee. last night english filed a lawsuit. her suit argues the dodd-frank law entitled herb to the job. >> for context. here's what mulvaney said in 2014 about the agency. >> the place is a wonderful example of how a bureaucracy will function if it has no...
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Nov 27, 2017
11/17
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KCSM
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amy: explain the consumer bureau. at it was set up to do, the crisis it was trying to address, and what this all means. what these two acting heads represent. bureau wasonsumer set up after the crisis. i think based on the recognition that one of the sources of the crisis is there had not been any single federal financial regulator that was dedicated to focus on, that had the mission of consumer protection. in the full range of tools to take that on. that is part of the reason we ended up with this explosion of abusive mortgages that cost millions and millions of people their homes and were a trigger of a financial crisis that cost millions of people their jobs from which most people in the country are still battling to recover. ,ith the creation of the cfpb we finally have an agency with that mission and a range of tools to carry out that mission and the cfpb has been living up to the promise, living up to sort of realizing the idea that was the reason for its creation and pursuing that mission that is been extremely
amy: explain the consumer bureau. at it was set up to do, the crisis it was trying to address, and what this all means. what these two acting heads represent. bureau wasonsumer set up after the crisis. i think based on the recognition that one of the sources of the crisis is there had not been any single federal financial regulator that was dedicated to focus on, that had the mission of consumer protection. in the full range of tools to take that on. that is part of the reason we ended up with...
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Nov 2, 2017
11/17
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CSPAN3
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eye 27
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it includes the three national credit bureaus. you asked us to discuss how they protect consumer data. i wanted to mention the important role played by the national credit reporting system in our economy. more than two-thirds comes from consumer spending. it's the national credit reporting system that allows to open a bank account or purchase a cell phone. the national credit reporting system facilitates this in addition to providing fast, fair and impartial access to well priced credit, apartment rental and other essential services. nearly 50 years ago congress reported the act to ensure impash y'aim -- to foster the continued development of national credit reporting system. the most recent revision to this scheme was the addition of the cfpb. this is the first to directly supervise the national credit reporting system not just examining credit bureaus but the companies that contribute information into the credit bureaus. the super vision of the credit reporting system began in early 2012 and has produced a proactive approach to c
it includes the three national credit bureaus. you asked us to discuss how they protect consumer data. i wanted to mention the important role played by the national credit reporting system in our economy. more than two-thirds comes from consumer spending. it's the national credit reporting system that allows to open a bank account or purchase a cell phone. the national credit reporting system facilitates this in addition to providing fast, fair and impartial access to well priced credit,...
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>> the predecessors to the federal bureau of investigation, or the fbi, was the bureau of investigation. the name wasn't officially changed until the fbi until 1935. >> your investigations started with approximately 33 special agents. it went through a number of periods of rapid growth, first and foremost during world war i. >> one young clerk working for the department of justice, monitoring german americans, was a man named j. edgar hoover. by age 29 he had been named the bureau director. as seen here in this fbi film, hoover took an active role, both in his agents' training and in shaping his personal public image. at first hoover targeted gangsters, used fingerprinting and new technologies to crack down on organized crime. >> you had a series of highly publicized gang-busting campaigns by the fbi. the names are very familiar. this is machine gun kelly, pretty boy floyd, and of course john dillinger. >> when machine gun kelly was captured, he begged g-men don't shoot, meaning government men, and the name g-men flashed in the news. >> during the mid-'30s, j. edgar hoover and the fbi b
>> the predecessors to the federal bureau of investigation, or the fbi, was the bureau of investigation. the name wasn't officially changed until the fbi until 1935. >> your investigations started with approximately 33 special agents. it went through a number of periods of rapid growth, first and foremost during world war i. >> one young clerk working for the department of justice, monitoring german americans, was a man named j. edgar hoover. by age 29 he had been named the...
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Nov 28, 2017
11/17
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CSPAN
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i talk about my previous statements about the bureau. my opinion of the structure of the cfpb has not changed. i still think it's an awful example of a bureaucracy that that has gone wrong when it is almost entirely unaccountable to the people who are supposed to oversee it or pay for it. i still have the same fundamental principles about the way this bureau is structured. i think it is wrong to have a completely unaccountable federal bureaucracy. it is completely wrong. i'm learning about the powers i have as acting director, they would frighten you most of you and worry you to think about how little oversight congress has over me as the director and the committees have how cfpb functions. if you really studied the constitutional nature of our government and study the way the bureaucracy is supposed to work, it would frighten and disturber you this -- distribute independent this agency is and as to the extent we are having a successon challenged as lodged by ms. english that grows out of an agency that does president think they are accou
i talk about my previous statements about the bureau. my opinion of the structure of the cfpb has not changed. i still think it's an awful example of a bureaucracy that that has gone wrong when it is almost entirely unaccountable to the people who are supposed to oversee it or pay for it. i still have the same fundamental principles about the way this bureau is structured. i think it is wrong to have a completely unaccountable federal bureaucracy. it is completely wrong. i'm learning about the...
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Nov 18, 2017
11/17
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CSPAN3
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the competition bureau. the public safety bureau. the enforcement bureau and the office of general counsel. the office of planning and policy analysis. and the office of communication business opportunity. with that we'll proceed to a vote on the. >> aye. >> the item is adopted with editorial privileges provided. >> can you take us to item number two. >> mr. chairman, the second item will be presented by the international bureau. wireless telecommunication bureau and office of engineering and technology. it is entitled use of spectrum ban above gigahertz. chief of the wireless telecommunication bureau will give the introduction. >> thank you. madame secretary. the floor is yours. >> good afternoon. it is my pleasure to introduce the spectrum frontier item. which continues our effort to make high frequency bans available for broad band and other use. this item would main ta the spectrum allocation and the flexible frame work the commission adopted in the 2016 report and order. and it would make available an additional 1.7 gigahertz and
the competition bureau. the public safety bureau. the enforcement bureau and the office of general counsel. the office of planning and policy analysis. and the office of communication business opportunity. with that we'll proceed to a vote on the. >> aye. >> the item is adopted with editorial privileges provided. >> can you take us to item number two. >> mr. chairman, the second item will be presented by the international bureau. wireless telecommunication bureau and...
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Nov 23, 2017
11/17
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CSPAN3
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eye 50
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somewhere a law enforcement agency that also has a -- as does the bureau. having that intelligence function, how did that myth come about and had you do we beat it back from the public square? >> i'm reluctant to try to guess as to how people are just confused get confused. my goal is to try to get them straight. at the axes i said there were two faces. at the tip and lead phase, it's important to think about how it comes in. person "x" a private security guard or police officer sees somebody at 3:00 in the morning taking all kinds of pictures of the key bridge from all kinds of weird angles. that person who's taking those pictures hasn't committed a crime. the guard who sees it doesn't know what the person is up to. it just seems weird to him. we want that guard. we want that person to call in and say i saw this was odd. could be something, could be nothing. well, we're getting tips like that by the thousands. how do we know that one is something that really matters. when it agent gets that tip, he runs a query in our data bases and it's not just the sectio
somewhere a law enforcement agency that also has a -- as does the bureau. having that intelligence function, how did that myth come about and had you do we beat it back from the public square? >> i'm reluctant to try to guess as to how people are just confused get confused. my goal is to try to get them straight. at the axes i said there were two faces. at the tip and lead phase, it's important to think about how it comes in. person "x" a private security guard or police officer...
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Nov 27, 2017
11/17
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MSNBCW
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wonder why. >> the newest fight in d.c., a showdown at the consumer financial protection bureau. get your dukes up. mick mulvaney showed up, dunkin donuts in hand, for work, taking on the role of the bureau's acting director, after being appointed to the position by president trump this weekend. according to cnbc, he told staff this morning to disregard directions from recently appointed deputy director english. over the weekend, english filed a lawsuit to prevent mulvaney from taking the reins of an agency he described this way in 2014. >> it is a wonderful example of how a bureaucracy will function if it has no accountability to anybody. it turns up being a joke. that's what the cfpb really has been, in a sick, sad kind of way. >> when he arrived at the office this morning, mulvaney was confident in his authority. >> director mulvaney, nbc news, morning. >> morning. >> do you believe you have le t legitimate authority over this bureau? >> yes, i do. >> cnbc reports he was given access to the director's office with the cooperation of his new staff. cooperation that was likely hel
wonder why. >> the newest fight in d.c., a showdown at the consumer financial protection bureau. get your dukes up. mick mulvaney showed up, dunkin donuts in hand, for work, taking on the role of the bureau's acting director, after being appointed to the position by president trump this weekend. according to cnbc, he told staff this morning to disregard directions from recently appointed deputy director english. over the weekend, english filed a lawsuit to prevent mulvaney from taking the...
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Nov 28, 2017
11/17
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KYW
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role of the bureau acting director. >> white house budget director mulvaney named acting direct or by president trump. on day one, he announced a month long freeze on hiring and new rules. >> in the pipeline, stopped for at least 30 days, while i get a chance to see exactly what is going on and kick the tires here at the bureau. >> but some say mulvaney's appointment is the beginning of the ends. and not just because there is another acting director, disputing the way mulvaney was appointed. >> this bureau is basically going to die. that this idea was elizabeth warren's identify tee have a consumer bureau, is basically going to be killed by this administration. >> mulvaney refutes that, saying, the agency will stay open, all be it with a few changes. >> anybody who thinks that a trump administration would be the same as an obama administration, simply being naive. >> the supporters say losing the bureau would hurt the country. >> we gave people a voice. people who, you know, you get cheated out of 20, $
role of the bureau acting director. >> white house budget director mulvaney named acting direct or by president trump. on day one, he announced a month long freeze on hiring and new rules. >> in the pipeline, stopped for at least 30 days, while i get a chance to see exactly what is going on and kick the tires here at the bureau. >> but some say mulvaney's appointment is the beginning of the ends. and not just because there is another acting director, disputing the way mulvaney...
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Nov 27, 2017
11/17
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MSNBCW
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president trump wants to get rid of the bureau. >> well, you know, the bureau was created by congresse dodd/frank act. it's legally constituted. it has an authorizing statute which has pretty explicit language about the deputy director shall serve as the acting direct when the senate confirmed director is unavailable which he clearly is since he's resigned. so i actually think the legal arguments are more on the side of the cpb on this but that's going to be up on the district court in d.c. to decide, not me. certainly i do think this is what the drafters of dodd/frank intended. barney frank said i was also involved in the drafting of that law and i think that is the right interpretation. so we'll see what the courts say. >> then how do you think this is going to play out? because president trump or mick mull vanny will say yes, and they might feel that way, but is the law on the side of english? >> i tend to think it is. if the trump administration wants to get rid of it, then they have to go back to congress and i don't think the votes will be there to do that. look, i hope that we
president trump wants to get rid of the bureau. >> well, you know, the bureau was created by congresse dodd/frank act. it's legally constituted. it has an authorizing statute which has pretty explicit language about the deputy director shall serve as the acting direct when the senate confirmed director is unavailable which he clearly is since he's resigned. so i actually think the legal arguments are more on the side of the cpb on this but that's going to be up on the district court in...
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Nov 28, 2017
11/17
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KQED
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do you think that there is any evidence of overreach at the bureau? ou know, this is a really tough one. the auto lenders got an exception from the consumer financial protection bureau oversight and there have been some real problems in that area. that's an area where the little part that got carved out has had a lot more difficulty than the rest of the banking system. but you know, that's really the question for me -- where is the overreach that the white house wants to talk about and are the republican talking points? was it overreach to g after wells fargo? overreach to go after the credit card companies that tacked on fees that people didn't owe? overreach to go after the student loan companies that overcharged on interest and fees for student borrowers? you know, i haven't seen any specific examples around this. what i see is an agency that's out there working on behalf of american families, and what i also see are very powerful wall street banks who don't like that. they have about 12 billion reasons not to like it. >> brangham: lastly, senator,
do you think that there is any evidence of overreach at the bureau? ou know, this is a really tough one. the auto lenders got an exception from the consumer financial protection bureau oversight and there have been some real problems in that area. that's an area where the little part that got carved out has had a lot more difficulty than the rest of the banking system. but you know, that's really the question for me -- where is the overreach that the white house wants to talk about and are the...
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Nov 27, 2017
11/17
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CNNW
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so who's in charge this morning at the bureau charged with keeping big banks in line? >> critical task for the president this week. can he win over republican senators and what's being done to get them on board. >> i'm just going to do my job, and i'm going to go forward. >> senator al franken contrite but moving forward, heading back to the senate this morning on the heels of groping allegations while another democratic accused of harassment is giving up, a top job in the house. >> good morning, everybody thanks for get ng an "early start" with us. >> it is monday, november 27. it is 5:00 a.m. in the east. who, who is running the consumer protection financial bureau this morning. ? depends who you ask. president trump's choice, or is it leandra english, the hand pk picked successor to the outgoing chief, an obama appointee. >> last night english filed a lawsuit against the president. she's seeking to block mulvaney's appoint to run the agency. the suit argues the dodd-frank wall street reform law entitles her to the job. >> the white house says it gives the president t
so who's in charge this morning at the bureau charged with keeping big banks in line? >> critical task for the president this week. can he win over republican senators and what's being done to get them on board. >> i'm just going to do my job, and i'm going to go forward. >> senator al franken contrite but moving forward, heading back to the senate this morning on the heels of groping allegations while another democratic accused of harassment is giving up, a top job in the...
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Nov 22, 2017
11/17
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CSPAN2
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the enforcement bureau the public safety and homeland security bureau and the office of strategic planning. with me this morning a kurt schroeder the deputy chief of the division and karen schroeder. karen will present the item. the spoof caller idaho information is a sign of an unlawful robo call. a vehicle for fraud. the item before you adopt rules authorizing voice service providers to block specific categories of calls with spoof caller ids. the truth makes it unlawful to speak caller idaho information with the intent to defraud, cause harm or wrongfully obtain anything of value. it demands money supposedly owed to the irs is breaking the law. they can lawfully display his or her office phone number is the color idaho. the enema for you focuses on calls that are likely to be illegal because they they are not used to relate calls. first of the offer --dash mess authorizing voice service providers. they request outbound calls be blocked. for example the irs could request that they block calls from telephone numbers it does not use for outgoing calls. next item authorizes voice service pr
the enforcement bureau the public safety and homeland security bureau and the office of strategic planning. with me this morning a kurt schroeder the deputy chief of the division and karen schroeder. karen will present the item. the spoof caller idaho information is a sign of an unlawful robo call. a vehicle for fraud. the item before you adopt rules authorizing voice service providers to block specific categories of calls with spoof caller ids. the truth makes it unlawful to speak caller idaho...
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Nov 27, 2017
11/17
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CNNW
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you've been following the shutdown at the consumer financial protection bureau. tell us more about how we get to this period where mick mulvaney is basically in a standoff with this woman claim she is the active director. >> that's right, jake. the next step is federal court. this rare standoff escalated today as the white house budget director mick mulvaney and the deputy director of the consumer financial protection bureau both showed up to work this morning, each claiming to be the interim head of the agency in dueling e-mails to their staff. now the white house and mulvaney point to legal opinions from the bureau's top lawyer and the justice department supporting mulvaney as the head, and the press secretary sarah sanders said mulvaney has taken charge today with the full cooperation of the staff at the agency. but that has not stopped lan yeah english. to declare her the writeful acting director. despite who is legally entitled to run this agency, there is also a battle of who can do it better. democrats worried mulvaney could dismantle protections and the wh
you've been following the shutdown at the consumer financial protection bureau. tell us more about how we get to this period where mick mulvaney is basically in a standoff with this woman claim she is the active director. >> that's right, jake. the next step is federal court. this rare standoff escalated today as the white house budget director mick mulvaney and the deputy director of the consumer financial protection bureau both showed up to work this morning, each claiming to be the...
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Nov 21, 2017
11/17
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CSPAN2
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it's eugene of the medial bureau. is he here? [applause] eugene did excellent analysis of the economics of retransmission consent payments which i understand is a topic that some in the industry might be interested in. i haven't heard much about this issue but it is very important and high-quality economic analysis is something that is commission prizes of course and it's not just the lawyers should have a seat at the decision-making table. we want economist as well and eugene your been able to do that in a very substantial way. thank you for your work at the commission and in particular for the work here that result in you being awarded the 2017 excellence in economic analysis award. [applause] if anyone would like to make a comment about these two -- >> congratulations. i wasn't sure where the accident was on her last name but i can certainly say eugene so congratulations and paul, course, once again, congratulations. >> one-step announcement. >> go for it. >> real quick i want to welcome jeffrey westling to my office who has en
it's eugene of the medial bureau. is he here? [applause] eugene did excellent analysis of the economics of retransmission consent payments which i understand is a topic that some in the industry might be interested in. i haven't heard much about this issue but it is very important and high-quality economic analysis is something that is commission prizes of course and it's not just the lawyers should have a seat at the decision-making table. we want economist as well and eugene your been able to...
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152
Nov 27, 2017
11/17
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FOXNEWSW
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the bureau, they have asked. the president made a clear, he wants me here and since my name is on the door, i want to be here. i want nothing coming out here that i would not know about. inevitably it would be leaked to me anyway, the quality of work that this administration could be proud of. i will be a roughly three days a week and across the street at the dash and as a team with five days a week, but that is life. i've been a small business owner before. i slept at the office, 16 hour days, seven days a week. it is not something new. you can start as an own business, more than once, you know that working a little extra isn't that big of a dig to will take some questions. report like you met with the president, what did he tell you about what he wants of the bureau to make >> he wants me to fix it, get back to the point, where it can protect people without trampling on capitalism. without choking off the access to financial services that are so critical to so many folks. so many folks in the lower and middle cl
the bureau, they have asked. the president made a clear, he wants me here and since my name is on the door, i want to be here. i want nothing coming out here that i would not know about. inevitably it would be leaked to me anyway, the quality of work that this administration could be proud of. i will be a roughly three days a week and across the street at the dash and as a team with five days a week, but that is life. i've been a small business owner before. i slept at the office, 16 hour days,...
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Nov 29, 2017
11/17
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FBC
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lou: what about the low life over at the financial protection bureau. this stuff by cordray and leandra english who was installed as the new deputy acting director. why didn't that judge throw them both in jail for being frivolous and subversive? gregg: i'm with you on that. cordray knew what he was doing is illegal. it's abundantly clear under the law. experienced lawyer. i correct myself. lou corrects me all the time off camera. he knew what he was doing. he knew what he was doing was illegal. this was a silly, stupid lawsuit. the stunt she pulled was very clear. the president has authority. 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 st
lou: what about the low life over at the financial protection bureau. this stuff by cordray and leandra english who was installed as the new deputy acting director. why didn't that judge throw them both in jail for being frivolous and subversive? gregg: i'm with you on that. cordray knew what he was doing is illegal. it's abundantly clear under the law. experienced lawyer. i correct myself. lou corrects me all the time off camera. he knew what he was doing. he knew what he was doing was...
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Nov 21, 2017
11/17
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CSPAN3
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the bureau of african affairs at state and the bureau for africa u.s. aid obviously is playing a role implementing this policy and assessing potential impact of the policy such as, again, women's access to health care, family planning services, rates of unsafe abortion and maternal mortality, including six-month review. do you have any idea the time line for releasing the six-month review is? >> we're working to fully implement the policy. i'd be happy to get back to you on that. >> if you could, that would be great. again, as you're implementing this policy, again, i'm not holding you or the wonderful employees of state accountable for this policy but when i questioned secretary tillerson, one of the things was, look, if we ought to be checking on is this impacting maternal mortality, what impact is it having on folks that are out in the field. what impact is it having on women's access to health care. certainly i think many on this committee would have a very big interest in how that policy is being implemented. i guess my last question, and maybe it'
the bureau of african affairs at state and the bureau for africa u.s. aid obviously is playing a role implementing this policy and assessing potential impact of the policy such as, again, women's access to health care, family planning services, rates of unsafe abortion and maternal mortality, including six-month review. do you have any idea the time line for releasing the six-month review is? >> we're working to fully implement the policy. i'd be happy to get back to you on that. >>...
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105
Nov 28, 2017
11/17
by
KPIX
tv
eye 105
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this morning, the battle for control of the consumer protection bureau is in the hands of a judge. they heart arguments late yesterday. the legal battle kicked off as two acting directors fought for control of the agency. dueling memos, e-mails and sweet treats were part of a power struggle that's proving unusual even in washington. we have the report. >> nick mulvaney, president trump's acting director of the bureau brought donuts. he encouraged them to say hello and grab one and disregard any instructions from the other acting director, lee anna english who sent around her own staff e-mail. english met with the massachusetts senator who spearheaded the creation of the cfpb in the wake of the 2008 financial crisis. she was appointed to head it. >> the law says i shall appoint a deputy director. i did that. it says they should act as deputy director. and they should become acting director. i thought this was the end of the story. >> english is suing to try to keep him from appointing mulvaney. >> it turns up being a joke. that's what the cfpb has been in a sick sad kind of way. >>
this morning, the battle for control of the consumer protection bureau is in the hands of a judge. they heart arguments late yesterday. the legal battle kicked off as two acting directors fought for control of the agency. dueling memos, e-mails and sweet treats were part of a power struggle that's proving unusual even in washington. we have the report. >> nick mulvaney, president trump's acting director of the bureau brought donuts. he encouraged them to say hello and grab one and...
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87
Nov 27, 2017
11/17
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CNBC
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. >>> controversy over who will lead the consumer financial protection bureau. senator elizabeth warren has just met with former chief of staff to richard cordray, english, battling rick mulvaney for the job. the senator will join us to discuss the happenings coming up. >>> joining me in the meantime, cnbc senior markets commentator michael santoli alongside stephanie link, managing director and equity portfolio manager for tiaa investments alongside dennis burman who's financial editor at the "wall street journal" and cnbc contributor. welcome to everybody in the dowe, biggest winner tody was vserizon the s&p, big winner, signet. big loser was western digital. western digital down nearly 7% amazon also hitting an all-time high on this cyber monday. stock higher by a little less than 1% today. it is up more than 59%, michael, this year. >> amazing and interestingly, the markets today kind of suggesting that things are okay fluff with teno consumer, might be enough to go around, some of the mall chains, gap and elle brands gaining as well as amazon not being viewe
. >>> controversy over who will lead the consumer financial protection bureau. senator elizabeth warren has just met with former chief of staff to richard cordray, english, battling rick mulvaney for the job. the senator will join us to discuss the happenings coming up. >>> joining me in the meantime, cnbc senior markets commentator michael santoli alongside stephanie link, managing director and equity portfolio manager for tiaa investments alongside dennis burman who's...
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Nov 27, 2017
11/17
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who's really in control of the consumer financial protection bureau? right now the about page for the director of the cfpb is an error message, as a legal battle begins over who can claim the title of acting director. president trump has tapped his budget director, mick mulvaney, to occupy the space, despite leandra english' appointment by the outgoing director richard cordray. talk about this a bit. ask my control room to take control of this. all right. what is this bureau causing all of the tension? part of the dodd/frank act that president obama signed into law after the financial crisis of 2008. the law create add consumer financial protection bureau, a consumer watchdog agency, that protects people, consumers, from predatory practices by a range of financial institutions. including banks, credit card companies, student loans, mortgage companies. this organization, the cfpb, has had some major victories. for instance, last year fined wells fargo $100 million after it was discovered many employees were secretly opening bank and credit card accounts
who's really in control of the consumer financial protection bureau? right now the about page for the director of the cfpb is an error message, as a legal battle begins over who can claim the title of acting director. president trump has tapped his budget director, mick mulvaney, to occupy the space, despite leandra english' appointment by the outgoing director richard cordray. talk about this a bit. ask my control room to take control of this. all right. what is this bureau causing all of the...
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Nov 7, 2017
11/17
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when president obama was president the bureau said they did not have the authority. and so then they could work with them. but o yesterday we all receive the news he opened fire in sutherland springs killing at least 26 during the sunday morning service. so those sitting with their heads bowed rise close. those two of the ship death in that house of worship. including a pregnant woman. age 18 through 72 all now gone. twenty-six. so this community and the nation as they mourn the dead o with the face of evil with moral clarity. and that is what continues to plague the united states of america. somebody use that vehicle or a car to kill people in an act of terrorism. then we are an open society. and this seems to come back to his time and time again. to remember the night attack at the university of texas earlier this year and the shame of police officers in downtown dallas last year. five police officers perished. in each of these were shocking. that were explicable. but this tragedy it makes it despicable. and the cries for help. and thes shooting has been called the
when president obama was president the bureau said they did not have the authority. and so then they could work with them. but o yesterday we all receive the news he opened fire in sutherland springs killing at least 26 during the sunday morning service. so those sitting with their heads bowed rise close. those two of the ship death in that house of worship. including a pregnant woman. age 18 through 72 all now gone. twenty-six. so this community and the nation as they mourn the dead o with the...
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Nov 28, 2017
11/17
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the consumer financial protection bureau. wall street and republicans have absolutely hated it from the start. at one point republicans hated it so much they said they would refuse to confirm anyone to run it, whoever it was, despite the fact the agency's very existence had been made into law. so there was always this question about what a republican president might do with that agency the republicans have hated so much. and what president trump did today was install an acting director of the cfpb who said he wanted to destroy the bureau when he was still a congressman. . >> it's a wonderful example of how a bureaucracy will function if it has no accountability to anybody. it turns up being a joke. and that's what the cfpb really has been in a sick, sad kind of way. because you have an institution that has tremendous authority over what y'all do for a living. some of us would like to get rid of it. >> talking to a representative of the banking industry there. and now that man, that guy who wants to get rid of it is running tha
the consumer financial protection bureau. wall street and republicans have absolutely hated it from the start. at one point republicans hated it so much they said they would refuse to confirm anyone to run it, whoever it was, despite the fact the agency's very existence had been made into law. so there was always this question about what a republican president might do with that agency the republicans have hated so much. and what president trump did today was install an acting director of the...
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Nov 27, 2017
11/17
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i will talk about my previous statements about the bureau. how about that? of the structure of the cfpb has not changed. i still feel it is an awful example of a bureaucracy that has gone wrong when it is almost entirely unaccountable to the people who are supposed to oversee it or pay for it. i still have the same fundamental principle misgivings about the way this bureau is structured. i think it is wrong to have a completely unaccountable federal bureaucracy. i think it is completely wrong. i am just learning what the powers i have as acting director. they would frighten most of you. it would were you to think about how little oversight congress has over me, now as i am the director. how little oversight the committees have over how the cfpb functions. studiedif you really the constitution nature of our government, the way bureaucracy is supposed to work, it would frighten and disturb you that this agency is as independent as it is. and it does not surprise me that this is to the extent that we are having a succession challenge launched by mrs. english. i
i will talk about my previous statements about the bureau. how about that? of the structure of the cfpb has not changed. i still feel it is an awful example of a bureaucracy that has gone wrong when it is almost entirely unaccountable to the people who are supposed to oversee it or pay for it. i still have the same fundamental principle misgivings about the way this bureau is structured. i think it is wrong to have a completely unaccountable federal bureaucracy. i think it is completely wrong....
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Nov 27, 2017
11/17
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sarah huckabee sanders grilled on power strug bell who is running the consumer protection bureau. how the white house and the interim director mick mulvaney are responding now. >>> plus shocking, humbling, embarrassing. senator al franken responding to allegations of sexual harrassment speaking to the press this afternoon, looking to learn from his mistakes. david: yeah, right. melissa: to put this all behind him, but can he? we'll ask karl rove. >>> as this scandal looms large, it is make-or-break time for the senate, back to work on capitol hill this hour, facing a blistering schedule to push through high-stakes agenda items by end of the year. chief among them, by the way, tax reform. that is very serious. we are hearing key holdouts could be coming around. where things stand right now. david? david: what is full responsibility? i take full responsibility? melissa: yeah. >> what does that mean when nothing happens, after you say it? melissa: yeah. david: at any rate, stocks sliding after hitting new highs, nicole petallides on the floor of new york stock exchange. nicole, what h
sarah huckabee sanders grilled on power strug bell who is running the consumer protection bureau. how the white house and the interim director mick mulvaney are responding now. >>> plus shocking, humbling, embarrassing. senator al franken responding to allegations of sexual harrassment speaking to the press this afternoon, looking to learn from his mistakes. david: yeah, right. melissa: to put this all behind him, but can he? we'll ask karl rove. >>> as this scandal looms...
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Nov 28, 2017
11/17
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liz: for the bureau? >> correct. as karl said the federal reserve does not regulate this, this is a spigot on federal reserve funds. it doesn't come from taxpayer dollars, it comes from the ways that we all know the federal reserve earns its money. liz: karl, here's the irony. i was at the "wall street journal" when the "wall street journal" broke the stories in the 90s about red lining, that banks are doing red lining of minority districts of bank loans. what happened was the clinton administration responded to the story and said we're going to pressure hud, we're going to open the spigots at fannie mae and freddie mac and solve income inequality by giving everybody a house even if you couldn't afford it. this is how the democrats respond after opening the spigots causing the housing collapse that started in the government, they basically have a back handed way of putting in a bureau that's unaccountable to nobody. not accountable to anybody rather, right? what is going on here? >> you're right. here's the other grea
liz: for the bureau? >> correct. as karl said the federal reserve does not regulate this, this is a spigot on federal reserve funds. it doesn't come from taxpayer dollars, it comes from the ways that we all know the federal reserve earns its money. liz: karl, here's the irony. i was at the "wall street journal" when the "wall street journal" broke the stories in the 90s about red lining, that banks are doing red lining of minority districts of bank loans. what happened...
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Nov 27, 2017
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the consumer bureau is accountable to the public. it's accountable to the people who get hurt by some of the financial transactions. a couple of weeks ago the administration sent the vice president to the senate floor under the cover of night -- you know what the vefs comes down -- vice president comes down here to the senate floor you know it's about to be a victory for wall street. the vice president came here under the cover of night to overturn a consumer bureau rule to guarantee hard working americans get their day in court. the vice president comes in breaks a tie and consumers lose, but wall street wins. now the administration ignores the law an hands over the consumer protection bureau to a person who doesn't think it should exist. the man they want running the consumer watchdog said that the agency, quote, is a sick, sad joke. he voted to repeal it. i guess that's why he thinks he can do this job part time. the president sent a member of his cabinet who already has a full-time job at the office of management and budget and h
the consumer bureau is accountable to the public. it's accountable to the people who get hurt by some of the financial transactions. a couple of weeks ago the administration sent the vice president to the senate floor under the cover of night -- you know what the vefs comes down -- vice president comes down here to the senate floor you know it's about to be a victory for wall street. the vice president came here under the cover of night to overturn a consumer bureau rule to guarantee hard...
SFGTV: San Francisco Government Television
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Nov 20, 2017
11/17
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from the field operations bureau, metro division, canneder daniel parea from the chief of staff bureaum commander gregory ye and from the special operations bureau traffic enforcement commander theresa ewing. we're here tonight to honor a select group of officers from the police department to engage in exceptional act of bravery and displayed courage that far exceeded what was required of them. their commanding officers will describe the extraordinary and selfless acts these officers took that will explain why they're being honored here tonight. before we hear about their acts of valor, julius thurman would like to say a few words. >> the members of the san francisco police department, to the command staff, the captains and all the personnel. i want to start by first saying thank you. thank you for the support. thank you for the resources. thank you for the strength that you alone to these men, these women, these people who will receive our honors tonight. thank you. second, i want to say as commission president, i'm proud to be a san franciscan. i live in san francisco. i worked in sa
from the field operations bureau, metro division, canneder daniel parea from the chief of staff bureaum commander gregory ye and from the special operations bureau traffic enforcement commander theresa ewing. we're here tonight to honor a select group of officers from the police department to engage in exceptional act of bravery and displayed courage that far exceeded what was required of them. their commanding officers will describe the extraordinary and selfless acts these officers took that...
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Nov 28, 2017
11/17
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at issue, who will lead the consumer financial protection bureau. ctor mick mulvaney took the helm of the bureau at the president's direction, bringing doughnuts for staffers and holding a press conference which he assured employees he would not put an end to the agency's work. in the past he says the bureau's work could be handled by other agencies. also showing up for work that day, the for the cfpb leadership was lee an draw english, the bureau deputy director appointed by outgoing chief richard cordray. her attorney posted this statement from her to twitter, quote, yesterday i spent time at cfpb. i reviewed transition materials. i met with members of congress to lay out that to assure the consumer bureau fights for families. today i plan to spend the day at cfpb headquarters to take calls and meet with bureau staff. the justice department argued withdrawing mulvaney would intrude into executive branch core operations t would lend credence to the view that cfpb is accountable to no one, not even president of the united states. that is what the bri
at issue, who will lead the consumer financial protection bureau. ctor mick mulvaney took the helm of the bureau at the president's direction, bringing doughnuts for staffers and holding a press conference which he assured employees he would not put an end to the agency's work. in the past he says the bureau's work could be handled by other agencies. also showing up for work that day, the for the cfpb leadership was lee an draw english, the bureau deputy director appointed by outgoing chief...
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Nov 28, 2017
11/17
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now as cbs news correspondent laurence shows us two sides clashing over the role of the bureau's actingector mick mulvaney was name acting director of the cftb by president trump. on day one he announced month long freeze on hiring and new rules. >> in the pipeline, stopped for at least 30 days, while i get a chance to see exactly what's going on, and kick the tires here at the bureau. >> but some say mulvaney's appointment is the beginning of the ends. and not just because there is another acting director, disputing the way mulvaney was appointed. >> this bureau is basically going to die. this idea was elizabeth warren 's idea to have consumer bureau, basically going to be killed by this administration. >> mulvaney refutes that, saying the agency will stay open, all it be with a few changes. >> anybody who thinks that a trump administration would be the same as an obama administration, simply being naive. >> supporters of the cfpb say losing the bureau would hurt the country. >> we gave people a voice, people who get cheated out of 20, $50, you think it is wrong , you can't do much abo
now as cbs news correspondent laurence shows us two sides clashing over the role of the bureau's actingector mick mulvaney was name acting director of the cftb by president trump. on day one he announced month long freeze on hiring and new rules. >> in the pipeline, stopped for at least 30 days, while i get a chance to see exactly what's going on, and kick the tires here at the bureau. >> but some say mulvaney's appointment is the beginning of the ends. and not just because there is...
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Nov 27, 2017
11/17
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. >>> a legal showdown over who will head the consumer protection bureau, the agency that investigated and forced wells fargo to pay fines. the temporary director filed a lawsuit to stop president trump from appointing this man, current budget director, nick mulvaney. he made no secret he is not a fan of the agency. he voted to end that bureau, while in congress. republicans believe the bureau is a burden to banks and wall street. the bureau forced them to hand back $12 billion to consumers. >>> meanwhile, history made in minnesota last night. the first woman with down syndrome competed in the miss minnesota pageant. >> she is believed to be the only down syndrome woman to have competed at the state or national level. she didn't win the crown, but she did win two awards, the spirit of miss usa and the directors award. she is a college student, been a performer all her life and was a crowd favorite last night. by the way, the pageant made history last year. a woman competed in her hijab. >>> 4:52. coming up on "today in the bay," nbc bay area responds. >> she rents a car after an accide
. >>> a legal showdown over who will head the consumer protection bureau, the agency that investigated and forced wells fargo to pay fines. the temporary director filed a lawsuit to stop president trump from appointing this man, current budget director, nick mulvaney. he made no secret he is not a fan of the agency. he voted to end that bureau, while in congress. republicans believe the bureau is a burden to banks and wall street. the bureau forced them to hand back $12 billion to...
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Nov 7, 2017
11/17
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think that's an area of potential improvement and hopeful we'll receive threat information that the bureau is aware of as well. >> thank you. mr. walker? >> again, i agree. >> and did any of your companies return ad revenue to the russians? meaning that did they make money on this? >> mr. walker? >> so we in some cases we had sites such as rt that would show ads against their content and they made money from those ads. that's correct. the same is true beyond the internet because rt is on saturday light stations, cable, hotel television networks. they buy advertisements in magazines, airports, et cetera. >> so if i understand this right russia ran an interference campaign, attacked our democracy, sought to undermine our ability to choose, and they made money on it? >> so rt shows advertising on all the platforms we discussed. cable.
think that's an area of potential improvement and hopeful we'll receive threat information that the bureau is aware of as well. >> thank you. mr. walker? >> again, i agree. >> and did any of your companies return ad revenue to the russians? meaning that did they make money on this? >> mr. walker? >> so we in some cases we had sites such as rt that would show ads against their content and they made money from those ads. that's correct. the same is true beyond the...
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Nov 27, 2017
11/17
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the cfpb council will challenge the lawsuit, claiming trump has the authority to override the bureau's line of succession. >> ann, what are the local grounds? >> reporter: two competing laws. one is the dodd-frank act which laid out the rules for leadership and the other is that in 1998, the president was given power to nominate the acting director of various agencies. a real power struggle. >> embattled minnesota senator al franken said he's, quote, ashamed by the several groping allegations against him. >> i just want to say that this whole thing has been embarrassing and it's been difficult. >> senator franken plans to return to work today in washington and in the meantime, another lawmaker accused of harassment is dialing down his duties. representative john conyers said he will no longer serve on the judiciary committee while he is investigated for sexual assault. >> women have spoken out. their concerns will be addressed in a way that i think will give comfort as well as will and this behavior. do you know what? it's disgusting. >> pelosi later released a statement saying, quote,
the cfpb council will challenge the lawsuit, claiming trump has the authority to override the bureau's line of succession. >> ann, what are the local grounds? >> reporter: two competing laws. one is the dodd-frank act which laid out the rules for leadership and the other is that in 1998, the president was given power to nominate the acting director of various agencies. a real power struggle. >> embattled minnesota senator al franken said he's, quote, ashamed by the several...