8chan/8kun QResearch Posts (2)
#2220564 at 2018-07-20 13:45:52 (UTC+1)
Q Research General #2799: Perve Round-up Continues Edition
>>2220386
I think there will be a shift also to credit unions and smaller community/regional banks as part of the structural changes. Just a hunch given the small changes already made in the background.
Executive Order establishes new NCUA seal
Posted December 12, 2017 in Top News Stories
President Donald J. Trump has signed an Executive Order establishing the new official seal for the National Credit Union Administration, the agency announced today.
also:
The National Credit Union Administration revealed "its sweeping regulatory reform plan" on how it can honor President Donald Trump's order to massively scale back government regulations.
The plan upholds one of Trump's first executive orders that he announced back in January. In the order, he asked that for every one new regulation issued, at least two prior regulations be identified for elimination. And the costs of the planned regulations need to be prudently managed and controlled through a budgeting process.
There is one major disclaimer in Trump's order though: It doesn't apply to independent agencies, which is explained more in-depth here.
The NCUA, along with the Consumer Financial Protection Bureau, the Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, are all independent agencies.
So while they are not required by law to honor the order, they could choose to honor it in spirit, a move the NCUA chose to do.
At the time of the announcement, J. Mark McWatters, who was appointed by Trump, was only acting chairman of the board. He was officially named chairman of the NCUA board in June.
Now about half a year later, the NCUA released a package of regulatory reforms recommended by an internal agency task force and is inviting credit union stakeholders to read and comment on it.
The task force recommended changes that would be adopted in the coming four years to clarify, improve, revise, or eliminate regulations.
The board already approved the plan, and it is posted in the Federal Register for a 90-day comment period. The full reform can be read here.
"The need for a forward-looking regulatory structure that offers meaningful relief without undermining safety and soundness is quite clear," McWatters said, "and these recommendations serve as a roadmap for a thoughtful process to achieve that goal."
"This undertaking represents a more significant and comprehensive regulatory relief effort than the agency has pursued in the past. We initiated this effort in the spirit of the administration's executive order requiring regulatory review, even though the NCUA is not covered by the order," McWatters said.
#1561334 at 2018-05-28 00:19:09 (UTC+1)
Q Research General #1962: Navy Seals AQtivated
CFPB Political Battles Will Reignite in June When Mulvaney's Term Is Up
If a nominee is rejected, Mulvaney will serve an additional 210 days.
Because Mick Mulvaney was only appointed to the "acting director" position within the Consumer Financial Protection Bureau last fall, he is term-limited by law in that role to 210 days, a deadline which will come June 22.
Mulvaney, who also heads the Office of Management and Budget, could wind up staying in the position for much longer because of lesser known provisions of the same law, setting off new political battles with Senate democrats over the bureau, and offering up high-risk high-reward gambles for President Trump on the November elections.
With the "acting director" position expiring, President Trump needs to nominate someone for the actual director's position, a nomination that would need Senate confirmation.
"As soon as a nominee is put up from the Trump administration, it triggers other parts of the Federal Vacancies Reform Act, and will basically allow Mulvaney to serve until the Senate actually confirms somebody. And if they reject that nominee, then he gets an additional 210 days of service," said Dan Press, a consumer finance policy analyst at the free-Market think tank the Competitive Enterprise Institute.
"So really, I think it sets up a massive conundrum for Democrats," Press added.
"They've got somebody in as acting director who they really dislike, and the Trump administration is probably going to put up someone else that they really dislike, so they're going to have to choose between lesser evils from their perspective, really."
Press said the upshot of these provisions of the Federal Vacancies Reform Act means Mulvaney will likely still be acting director towards the end of this year, and theoretically could be there for much longer.
The most talked about name in the rumor mill for a likely nomination to lead the bureau is Mark McWatters, currently the chairman of the National Credit Union Administration.
Mulvaney's appointment to the acting director position at the CFPB set off one of the more memorable political battles of 2017. When then-Director Richard Cordray resigned to run for governor of Ohio, he tried to handpick his own successor, appointing Deputy Director Leandra English on his way out the door.
Had Cordray been successful in that maneuver, it would have kept Obama-era loyalists in the bureau's leadership for sometime.
President Trump instead appointed Mulvaney to the acting director's position, setting off court battles. Two decisions have upheld the Mulvaney appointment, but English is appealing one of those rulings with her own set of lawyers.
Cont'd image above
http:// freebeacon.com/issues/cfpb-political-battles-will-reignite-june-mulvaneys-term/