Warren to attend rally protesting Mulvaney's CFPB appointment

Warren to attend rally protesting Mulvaney's CFPB appointment
© Greg Nash

Sen. Elizabeth WarrenElizabeth Ann WarrenWarren: Trump is a 'racist bully' Poll: Oprah would outperform Warren, Harris against Trump in California Democrats continue to dismiss positive impacts of tax reform MORE (D-Mass.) is expected to join a rally outside of the Consumer Financial Protection Bureau (CFPB) headquarters Tuesday to protest President Trump's appointment of budget chief Mick MulvaneyJohn (Mick) Michael MulvaneyOvernight Finance: Lawmakers see shutdown odds rising | Trump calls for looser rules for bank loans | Consumer bureau moves to revise payday lending rule | Trump warns China on trade deficit Overnight Regulation: Dems claim 50 votes in Senate to block net neutrality repeal | Consumer bureau takes first step to revising payday lending rule | Trump wants to loosen rules on bank loans | Pentagon, FDA to speed up military drug approvals Consumer bureau takes first step to revising payday lending rule MORE to lead the Wall Street watchdog agency.

The Democratic senator will join the Progressive Campaign Change Committee's lunchtime demonstration to demand that "unfit Mick Mulvaney step aside and let acting CFPB director Leandra English do her job," according to an advisory of the event.

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Warren and Adam Green, the group's co-founder, are expected to speak at the event, in which rallygoers are expected to carry signs that read, “Trump & Mulvaney: Breaking the Law to Help Wall Street.”

"President Trump is breaking the law by trying to install Mick Mulvaney as the director of the agency, without Congressional approval," the advisory states.

The Massachusetts lawmaker, a key architect of the agency, tore into Trump over the weekend in a series of tweets that accused the president of trying to destroy the consumer watchdog agency.

She defended the CFPB against his claims that it left financial institutions "devastated and unable to properly serve the public."

"Less than a decade after taxpayers bailed out the big banks, the banking industry made record profits last year," Warren tweeted on Saturday. "That's who you're worried about, @realDonaldTrump?"

"The only thing that will turn the CFPB into a disaster is for @realDonaldTrump to ignore Dodd-Frank & name an acting director determined to destroy the agency," she wrote in another tweet.

A dramatic showdown began Friday after the White House and the CFPB struggled over who will lead the agency following Richard CordrayRichard Adams CordrayOvernight Finance: Lawmakers see shutdown odds rising | Trump calls for looser rules for bank loans | Consumer bureau moves to revise payday lending rule | Trump warns China on trade deficit Overnight Regulation: Dems claim 50 votes in Senate to block net neutrality repeal | Consumer bureau takes first step to revising payday lending rule | Trump wants to loosen rules on bank loans | Pentagon, FDA to speed up military drug approvals Consumer bureau takes first step to revising payday lending rule MORE's resignation from his post as director.

Before stepping down, Cordray named his chief of staff, English, to the deputy director position before resigning. The Dodd-Frank Act says the deputy director will lead the agency in the event that there is not a permanent director.

Shortly afterward, Trump appointed Mulvaney, a vocal critic of the CFPB, to serve as the agency's acting director.

This lead to both officials claiming to be the rightful acting director on Monday, putting employees in the middle of an escalating legal dispute.  

Two spokeswomen from Warren's office did not immediately respond to a request for comment about her plans to attend the protest.