FIRST AIRED: November 28, 2017

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Transcript

00:00:00
>> Staff at the Consumer Financial Protection Bureau returning to work on Monday don't know who their boss is, after the agency's Deputy Director, who was named by outgoing Director Richard Cordray to temporarily replace him, sued the Trump administration, which named its own acting director, budget chief Mick Mulvaney.
00:00:19
>> 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 the laws of the United States.>> Reuters correspondent Patrick Rucker.>> So what happened at the CFPB today, you had hundreds of employees coming back from the Thanksgiving weekend.
00:00:37
They've been away from the office for a few days, and they awake to an email from Leandra English, who was claiming to be the head of the agency, saying welcome back. Hope you had a nice Thanksgiving. Let's get to work together. A short while later, the staff get another email from Mick Mulvaney saying, please disregard everything that Leandra English tells you.
00:00:55
I'm in charge. He came this morning with a box of donuts, and invited the staff to come say hello, knock on his door. He's sitting at Richard Cordray, the former head of this agency's, desk right now. And so we have these two individuals asserting themselves.>> President Trump is trying to create chaos at the agency.
00:01:15
>> Founded by Senator Elizabeth Warren in the wake of the financial crisis to protect consumers, the agency is hated by Trump and Republicans, who think it wields too much power and burdens banks and other lenders.>> Trump has a chance to put his mark on this agency. Elizabeth Warren, very vocally on Twitter and elsewhere said, I'm not going to let this happen and it's not going to happen easily if you're gonna try to change the nature of the institution that's been a defender of consumers.
00:01:41
Trump, of course, sees this agency as standing in the way of capitalism and commerce. But this is one of the last agencies he's hasn't totally got his hands on, and so that's what's at stake.>> This administration.>> Federal officials said Trump has the clear legal authority to name a temporary director of the agency until he can get a permanent successor confirmed by the Senate, a process which could take months.