"The Total Chaos at the CFPB is Torturing Small Businesses Like Mine" -- Statement of Nexus CEO, Mike Donovan
VERONA, Va., Nov. 27, 2017 /PRNewswire/ -- When Richard Cordray, the departing director of Consumer Financial Protection Bureau decided to leave office last week, he set off a political firestorm.
Washington is now debating who will run the Bureau: President Trump's nominee, OMB director Mick Mulvaney, or Cordray's handpicked successor, Leandra English.
Then late Sunday, English filed a lawsuit against both Trump and Mulvaney to block the appointment of Mulvaney as temporary director.
As dramatic as this bureaucratic fight is, the press is missing an even bigger story.
The Bureau was supposed to safeguard the public against con men, crooked banks, and shady practices. Instead, it has become a bully that harasses companies like mine, threatens our clients and browbeats our vendors. It's a shocking and incredible story that largely remains untold.
I don't want the suffering of our clients--immigrants seeking a better life among Americans--to be lost in the political shouting match. The CFPB has demanded that my company turn over the personal records of our clients (many of whom are frightened of the federal government after months in detention) and our employees (who are American citizens with constitutional rights to privacy).
We stood our constitutional ground and told the Bureau "no." When they threatened our clients, employees, and vendors, we filed suit in federal court against the CFPB. The full lawsuit and exhibits can be found here: Nexus Complaint against CFPB
Nexus, or its sister companies, have not been charged with any crime or accused of any civil wrongdoing. In fact, as far as we can tell, there is not even a single public complaint about Nexus on file with the CFPB.
Incredibly, the CFPB told us that it was investigating us... to see if we were within its jurisdiction. A total fishing expedition--at great cost to our immigrant clients (among America's most vulnerable) and our companies.
We have not been shy in fighting for the principles we believe in. Earlier this month, we produced and shared a video documenting the excesses of the CFPB, noting that its director is more powerful than the President of the United States of America (via YouTube: https://youtu.be/vKsMG6EQ7iw).
Today it appears the CFPB director is indeed more powerful than the President of the United States, or at least he believed he was. What will happen to our democracy if unelected bureaucrats can thwart the will of our elected officials? Without elections to instruct them, how will there be any accountability for those bureaucrats when they misbehave? And, if we are ruled over by people we cannot remove through elections, are we still a real democracy?
Proudly Nexus Services, Inc. is fighting the CFPB in federal court. You can read about latest rounds against the feckless bureaucracy in the pages of the Legal Advocate and other news outlets nationwide.
Whoever ends up running the CFPB, he (or she) should start by ending its pointless crusade against my company. We have saved the taxpayers more than $650 million in detention costs alone and freed more than 25,000 migrants since 2013. We employ more than 200 men and women in rural areas, where jobs are scarce. We have not been accused of any wrongdoing. The bureaucratic attack on our small business should end promptly.
If not, then we will know that the new director is more interested in "business as usual" than in real reform. Worse, we will know that corrupt bureaucrats can openly flout the will of the American people.
About Nexus Services Inc.
Nexus Services, Inc. is a privately held company, based in Verona, Virginia. Nexus Services, Inc. is the parent company of a unique family of companies, both for-profit and charitable, that deliver cutting-edge products and services to meet the needs of migrants and their families, including free legal advocacy and making financial commitments to free the undocumented from immigration detention.
CONTACT:
Nexus Services Inc.
Jen Little, Director of Public Relations
(540) 255-9492 / [email protected]
SOURCE Nexus Services, Inc.
News published on and distributed by:
