Who Will Lead The CFPB? Trump And Outgoing Director Name Different Successors | NBC Nightly News

Who Will Lead The CFPB? Trump And Outgoing Director Name Different Successors | NBC Nightly News
    POCKETS. AS PRESIDENT TRUMP HAS PROMISED.
    AS PRESIDENT TRUMP HAS PROMISED. THAT IS NOT YET A DONE
    PROMISED. THAT IS NOT YET A DONE DEAL ABOUT.
    THAT IS NOT YET A DONE
    DEAL ABOUT.
    >> KELLY ODONNELL
    DEAL ABOUT.
    >> KELLY ODONNELL
    TONIGHT, THANK YOU.
    >> KELLY ODONNELL
    TONIGHT, THANK YOU.
    >>> THE PRESIDENT IS
    TONIGHT, THANK YOU.
    >>> THE PRESIDENT IS
    MAKING MORE HEADLINES
    >>> THE PRESIDENT IS
    MAKING MORE HEADLINES
    TONIGHT WITH A MOVE HE
    MAKING MORE HEADLINES
    TONIGHT WITH A MOVE HE
    MADE AT THE CONSUMER
    TONIGHT WITH A MOVE HE
    MADE AT THE CONSUMER
    FINANCIAL PROTECTION
    MADE AT THE CONSUMER
    FINANCIAL PROTECTION
    BUREAU, THE AGENCY IS
    FINANCIAL PROTECTION
    BUREAU, THE AGENCY IS
    SUPPOSED TO BE ABOVE
    BUREAU, THE AGENCY IS
    SUPPOSED TO BE ABOVE
    POLITICS.
    SUPPOSED TO BE ABOVE
    POLITICS.
    BUT TONIGHT ITS AT
    POLITICS.
    BUT TONIGHT ITS AT
    THE CENTER OF A BIG
    BUT TONIGHT ITS AT
    THE CENTER OF A BIG
    POLITICAL FIGHT OVER
    THE CENTER OF A BIG
    POLITICAL FIGHT OVER
    WHO WILL BE ITS NEXT
    POLITICAL FIGHT OVER
    WHO WILL BE ITS NEXT
    DIRECTOR.
    WHO WILL BE ITS NEXT
    DIRECTOR.
    LATE TODAY THE
    DIRECTOR.
    LATE TODAY THE
    PRESIDENT CALLED THE
    LATE TODAY THE
    PRESIDENT CALLED THE
    AGENCY, A TOTAL
    PRESIDENT CALLED THE
    AGENCY, A TOTAL
    DISASTER.
    AGENCY, A TOTAL
    DISASTER.
    MORGAN RAT FORWARD HAS
    DISASTER.
    MORGAN RAT FORWARD HAS
    THAT STORY.
    MORGAN RAT FORWARD HAS
    THAT STORY.
    >> Reporter: JUST
    THAT STORY.
    >> Reporter: JUST
    HOURS AFTER THE
    >> Reporter: JUST
    HOURS AFTER THE
    AGENCYS FIRST
    HOURS AFTER THE
    AGENCYS FIRST
    DIRECTOR STEPPED DOWN
    AGENCYS FIRST
    DIRECTOR STEPPED DOWN
    ON FRIDAY.
    DIRECTOR STEPPED DOWN
    ON FRIDAY.
    HE PROMOTED HIS CHIEF
    ON FRIDAY.
    HE PROMOTED HIS CHIEF
    OF STAFF TO A POSITION
    HE PROMOTED HIS CHIEF
    OF STAFF TO A POSITION
    THAT WOULD PUT HER IN
    OF STAFF TO A POSITION
    THAT WOULD PUT HER IN
    CHARGE.
    THAT WOULD PUT HER IN
    CHARGE.
    THEN PRESIDENT TRUMP
    CHARGE.
    THEN PRESIDENT TRUMP
    FIRED BACK WITH HIS
    THEN PRESIDENT TRUMP
    FIRED BACK WITH HIS
    OWN APPOINTMENT.
    FIRED BACK WITH HIS
    OWN APPOINTMENT.
    SAYING MICK MULVANEY
    OWN APPOINTMENT.
    SAYING MICK MULVANEY
    WOULD OVERSEE THINGS.
    SAYING MICK MULVANEY
    WOULD OVERSEE THINGS.
    HE PREVIOUSLY CALLED
    WOULD OVERSEE THINGS.
    HE PREVIOUSLY CALLED
    THE ORGANIZATION A
    HE PREVIOUSLY CALLED
    THE ORGANIZATION A
    SICK, SAD JOKE.
    THE ORGANIZATION A
    SICK, SAD JOKE.
    >> SOME OF US WOULD
    SICK, SAD JOKE.
    >> SOME OF US WOULD
    LIKE TO GET RID OF IT,
    >> SOME OF US WOULD
    LIKE TO GET RID OF IT,
    WE DONT LIKE THE IDEA
    LIKE TO GET RID OF IT,
    WE DONT LIKE THE IDEA
    OF THERE BEING A
    WE DONT LIKE THE IDEA
    OF THERE BEING A
    NONACCOUNTABLE FEDERAL
    OF THERE BEING A
    NONACCOUNTABLE FEDERAL
    AGENCY, WHICH SETS A
    NONACCOUNTABLE FEDERAL
    AGENCY, WHICH SETS A
    TERRIBLE PRECEDENT.
    AGENCY, WHICH SETS A
    TERRIBLE PRECEDENT.
    >> HIS NOW RIVAL WAS
    TERRIBLE PRECEDENT.
    >> HIS NOW RIVAL WAS
    THERE AT THE
    >> HIS NOW RIVAL WAS
    THERE AT THE
    BEGINNING.
    THERE AT THE
    BEGINNING.
    WHEN LIBERAL MEMBERS
    BEGINNING.
    WHEN LIBERAL MEMBERS
    OF CONGRESS CREATED
    WHEN LIBERAL MEMBERS
    OF CONGRESS CREATED
    THE AGENCY IN 2010 TO
    OF CONGRESS CREATED
    THE AGENCY IN 2010 TO
    PROTECT AGAINST THE
    THE AGENCY IN 2010 TO
    PROTECT AGAINST THE
    ILLEGAL ACTIVITY OF
    PROTECT AGAINST THE
    ILLEGAL ACTIVITY OF
    BIG BANKS.
    ILLEGAL ACTIVITY OF
    BIG BANKS.
    THEY SAY CONTRIBUTED
    BIG BANKS.
    THEY SAY CONTRIBUTED
    TO THE 2008 FINANCIAL
    THEY SAY CONTRIBUTED
    TO THE 2008 FINANCIAL
    CRISIS.
    TO THE 2008 FINANCIAL
    CRISIS.
    THE AGENCY SAYS ITS
    CRISIS.
    THE AGENCY SAYS ITS
    RETURNED BILLIONS TO
    THE AGENCY SAYS ITS
    RETURNED BILLIONS TO
    CONSUMERS AND WORKED
    RETURNED BILLIONS TO
    CONSUMERS AND WORKED
    TO SIMPLIFY MORTGAGES
    CONSUMERS AND WORKED
    TO SIMPLIFY MORTGAGES
    AND OTHER FINANCIAL
    TO SIMPLIFY MORTGAGES
    AND OTHER FINANCIAL
    PRODUCTS.
    AND OTHER FINANCIAL
    PRODUCTS.
    >> WERE MAKING THE
    PRODUCTS.
    >> WERE MAKING THE
    HOME BUYING
    >> WERE MAKING THE
    HOME BUYING
    PROCESSESIER, WEVE
    HOME BUYING
    PROCESSESIER, WEVE
    MADE IT SAFE FOR
    PROCESSESIER, WEVE
    MADE IT SAFE FOR
    PEOPLE TO SEND MONEY
    MADE IT SAFE FOR
    PEOPLE TO SEND MONEY
    TO FRIENDS AND FAMILY
    PEOPLE TO SEND MONEY
    TO FRIENDS AND FAMILY
    ABROAD.
    TO FRIENDS AND FAMILY
    ABROAD.
    >> Reporter: THE
    ABROAD.
    >> Reporter: THE
    AGENCY HAS LITTLE
    >> Reporter: THE
    AGENCY HAS LITTLE
    CONGRESSIONAL
    AGENCY HAS LITTLE
    CONGRESSIONAL
    OVERSIGHT AND IS
    CONGRESSIONAL
    OVERSIGHT AND IS
    INDEPENDENTLY FUBD LYLY FUNDED
    OVERSIGHT AND IS
    INDEPENDENTLY FUBD LYLY FUNDED
    THROUGH THE FEDERAL
    INDEPENDENTLY FUBD LYLY FUNDED
    THROUGH THE FEDERAL
    RESERVE.
    THROUGH THE FEDERAL
    RESERVE.
    >> IS THIS AGENCY
    RESERVE.
    >> IS THIS AGENCY
    COMPLETELY OUTSIDE OF
    >> IS THIS AGENCY
    COMPLETELY OUTSIDE OF
    CONGRESS?
    COMPLETELY OUTSIDE OF
    CONGRESS?
    >> THEYRE FUNDED BY
    CONGRESS?
    >> THEYRE FUNDED BY
    THE FED.
    >> THEYRE FUNDED BY
    THE FED.
    CONGRESS DOESNT LIKE
    THE FED.
    CONGRESS DOESNT LIKE
    THAT.
    CONGRESS DOESNT LIKE
    THAT.
    AND THERE ARE EYE LOT
    THAT.
    AND THERE ARE EYE LOT
    OF CONSUMER GROUPS
    AND THERE ARE EYE LOT
    OF CONSUMER GROUPS
    CONCERNED ABOUT HOW
    OF CONSUMER GROUPS
    CONCERNED ABOUT HOW
    ARE WE GOING TO
    CONCERNED ABOUT HOW
    ARE WE GOING TO
    PROTECT THE AVERAGE
    ARE WE GOING TO
    PROTECT THE AVERAGE
    AMERICAN.
    PROTECT THE AVERAGE
    AMERICAN.
    THE QUESTION COME
    AMERICAN.
    THE QUESTION COME
    MONDAY, WHO WILL THAT
    THE QUESTION COME
    MONDAY, WHO WILL THAT
    LEADER BE.
    MONDAY, WHO WILL THAT
    LEADER BE.
    DURING A CALL WITH
    LEADER BE.
    DURING A CALL WITH
    REPORTERS TODAY, THE
    DURING A CALL WITH
    REPORTERS TODAY, THE
    WHITE HOUSE SAID
    REPORTERS TODAY, THE
    WHITE HOUSE SAID
    THEYRE TRYING TO
    WHITE HOUSE SAID
    THEYRE TRYING TO
    AVOID A LEGAL BATTLE
    THEYRE TRYING TO
    AVOID A LEGAL BATTLE
    WITH FORMER DIRECTOR
    AVOID A LEGAL BATTLE
    WITH FORMER DIRECTOR
    RICHARD CORDRAY.
    WITH FORMER DIRECTOR
    RICHARD CORDRAY.
    THEY BELIEVE HES
    RICHARD CORDRAY.
    THEY BELIEVE HES
    TRYING TO PROVOKE ONE.
    THEY BELIEVE HES
    TRYING TO PROVOKE ONE.
    WHEN IT COMES TO
    TRYING TO PROVOKE ONE.
    WHEN IT COMES TO
    MONDAY, IT LOOKS LIKE
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