Tuesday, December 5, 2017

Reuters: CU Sues to Remove Mulvaney as Acting Head of CFPB

Reuters is reporting that Lower East Side People's Federal Credit Union (New York, NY) has filed a lawsuit in federal court to remove Mick Mulvaney as the head of the Consumer Financial Protection Bureau (CFPB).

Citing regulatory chaos, the credit union is asking a federal court to determine who is in charge of the CFPB. The complaint contends that Leandra English, the CFPB’s deputy director, is the proper acting head of the agency.

The lawsuit was filed in U.S. District Court in Manhattan.

Last week a federal judge sided with the Trump Administration ruling against English and allowing Mulvaney to serve as the agency’s acting head.

English continues to pursue her case.

Read the story.
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1 comment:

  1. AnonymousDecember 5, 2017 at 10:08 PM

    “Regulatory chaos”?
    On that basis why doesn’t lower east side quit whining and sue the state of NY and NCUA over taxi loans?

    ReplyDelete

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