Credit union sues over Mulvaney's CFPB's appointment

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"Having experienced the devastation that the 2008 mortgage crisis wreaked on our low-income members, we need the CFPB to protect communities targeted by financial predators".

A federal credit union has sued to block President Donald Trump from installing Mick Mulvaney as his preferred head of the U.S. Consumer Financial Protection Bureau.

The judge rejected her argument that she was acting director under a provision of the 2010 Dodd-Frank Wall Street reform legislation under which the CFPB was created.

English could not immediately be reached for comment through her lawyer, Deepak Gupta.

English has challenged Mulvaney's right to lead the agency, citing her endorsement by former CFPB director Richard Cordray who stepped down two weeks ago.

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Directing CFPB staff to examine all investigations and litigation.

Placing a freeze on the CFPB's collection of any personally identifiable information, such as individual loan level data, until the CFPB improves its data security systems. "Trump. -Filed-Complaint-dkt-1-12-5-17.pdf">filed a lawsuit against President Donald Trump and Michael Mulvaney over what they see as a violation of the constitution in Mulvaney's appointment to head up the Consumer Financial Protecion Bureau.

Trump "wants to move expeditiously" on naming a permanent replacement but the Senate confirmation process is likely to take some time and Mulvaney expects to be in the interim role for up to seven months, he said in an interview Reuters.

The lawsuit, filed in U.S. District Court in Manhattan, represents a new legal front in an ongoing battle over who should be running the regulator.

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