“The Total Chaos at the CFPB is Torturing Small Businesses Like Mine” — Statement of Nexus CEO, Mike Donovan

VERONA, Va.–(BUSINESS WIRE)–The following is a statement by Mike Donovan, civil rights activist and
president & CEO of Nexus Services, Inc.:

“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.

“Director of the Consumer Financial Protection Bureau (CFPB) is more
powerful than the president. The CFPB is out of control, and its
Director is abusing his authority. Learn more about their unAmerican
practices, and what the President should do in response!

“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.

“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.

Contacts

For Nexus Services, Inc.
Paulina Hernandez, 305-615-1111
phernandez@pintausa.com