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FBC Risk And Reward With Deidre Bolton November 28, 2017

President appointed this judge, timothy kelly, a short time ago, a very young guy but exactly what we expected. If you think this is the end of it, think again, because this will probably be appealed. Thats what were expecting right now, but this has been highly controversial because as you know Richard Cordray who ran the cfpb before this, he resigned, he supported the person he wanted to follow on his heels, they say in fact doddfrank allows this to happen. The president says no, no, no, there is a vacancies reform act which allows us to make this appointment. And in fact, the administration, through the Justice Department has maintained that it is the president s prerogative to report ahead of the cfpb. This is a very unusual agency for the federal government. They have a dedicated amount of money, revenue stream coming from the
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