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Detailed text transcripts for TV channel - CNN - 20171127:21:16:00

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 ....

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Detailed text transcripts for TV channel - CNN - 20171127:21:04:00

Covered. reporter: it s not really a mystery why elizabeth warren is top of mind right now, jake. she was one of the architects of the cfpb, and this weekend argued that the president was overstepping his bounds by intervening and naming mick mulvaney the director of that consumer watchdog agency. she argued over the weekend on twitter that this should be brought up in court, and now leandra english, the woman that was named to be the deputy director and the de facto director once the original director stepped down on friday is actually going forward with that, jake. all right, boris sanchez at the white house, thank you so much. my panel s with me. kevin, let me start with you. should republicans call the president out when he says when he calls elizabeth warren pocahontas? or is the explanation that he is trying to call attention to the controversy about warren s heritage, is that enough of an explanation? no, think they should call him out. i think it creates a huge distract ....

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Detailed text transcripts for TV channel - CNN - 20171127:21:17:00

Better. democrats worried mulvaney could dismantle protections and the white house claims they could run this agency more efficiently. all right. so let me bring in laura coats now. so leandra english, who is the director of the bureau resigned on friday but before he did that, he appointed his chief of staff the acting deputy director. then he stepped down and she became the acting director. and the agency is set up to be kind of like mick mulvaney s not far off in how he describes, it s supposed to be not accountable to no one but basically not accountable to congress. right. but the president has a legal argument on his side about vacancies. so where do you see this shaking out? who is going to end up being the acting director do you think? in about 30 minutes you re going to know. there is a hearing right now before the district court. two competing stances. on the one hand you ve got the dodd/frank act that created the cfpb and says, look, if there is ....

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Detailed text transcripts for TV channel - CNN - 20171127:21:15:00

That s why i think we need structural and legislative change to the way this place is being run. that being said, that s outside of the bounds for the director to fix. yes, ma am? do you find this power struggle between yourself and leandra english to be often i know you said it went smoothly, but do you find this power struggle, this battle i think it s more awkward for the people who work here and know her. i don t know her. i haven t met her. i read a couple of headlines folks showed up today claiming to be director. i can assure you one person showed up claiming to be director, she wasn t here. i think it s more and more uncomfortable for the folks who know her and work here all right. that is mick mulvaney, who is the acting director of the consumer financial protection bureau. we should put a asterisk next to that because there is some legal dispute whether or not he s the acting director. i want to bring in cnn s laura jarrett. you ve been following the shutdown at t ....

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Detailed text transcripts for TV channel - CNN - 20171127:21:19:00

English is right because we ve got this very clear stipulation in the law that says you get to hold the reins or down the road and say we re going to hold the status quo. as of friday, the deputy director who was supposed to be there was leandra english. for right now until we ve heard all arguments, leandra english, you will be the person. so, kevin, first of all, i want you to respond to that and listen to retired congressman barny frank. obviously one of the authors of dodd/frank that helped create the consumer financial protection bureau. he said the law was written so leandra english would be in charge. take a listen. nothing could be more contradictory to donald trump being the friend of the little guy than trying to undermine the most effective agency for the consumer in the financial area we ve ever had. well, i think there is also a lot of statutory language. there is legislative history and case law precedence that also do point to the fact that the president does ultim ....

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