Credit Union Says Trump Has Sown Chaos at CFPB

Credit Union Says Trump Has Sown Chaos at CFPB

Leandra English (L), current acting director of the Consumer Financial Protection Bureau (CFPB) meets with Senate Democratic Leader Chuck Schumer (D-NY) and Senator Elizabeth Warren (D-MA) in Capitol Hill, Washington, D.C., November 27, 2017.

During a news briefing at the CFPB on Monday, Mulvaney told reporters he would "absolutely not" consider firing English and that he would like her to continue to serve as deputy director but had not had any direct contact with her.

The credit union would instead like to have Leandra English, the CFPB's deputy director, put in place as the proper acting head of the bureau.

Mulvaney has already brought in Brian Johnson, a former aide to House Financial Services Committee Chairman Rep. Jeb Hensarling (R-Texas), to be a senior aide at the bureau.

Turmoil at the Consumer Financial Protection Bureau (CFPB) is ongoing almost two weeks after President Donald Trump moved to place Office of Management and Budget Director Mick Mulvaney as acting director of the independent agency.

The agency has approximately 100 cases divided into three general categories: investigations, "settle or sue" decision-making, and litigation.

Trump appointed Mulvaney meanwhile under a 1988 law called the Federal Vacancies Reform Act.

"Even worse, defendant Trump has purported to appoint an acting director whose mission is to destroy a bureau that protects thousands of the credit union's members", the complaint states.

"CoA Institute's FOIA seeks all records reflecting the number of CFPB devices on which encrypted messaging applications were installed, internal policy guidelines on the use of such apps, as well as the communications themselves and efforts by CFPB to recover and archive these messages", the request reads. "I don't like the fact that CFPB exists, I'll be perfectly honest with you", Mulvaney had said.

That structure is the traditional model for agencies like the Office of Management and Budget, where Mulvaney is also permanent director, and one that Mulvaney said he believes would work well at the CFPB.

Unrest erupted at the Consumer Financial Protection Bureau after Richard Cordray resigned as director.

Seeking an injunction and declaratory relief, the credit union is represented by Ilann Maazel of Emery Celli Brinckerhoff & Abady.

Related:

Comments

Latest news

Why Arshi will become the new captain
The preview of the next episode reveals that tonight, Hiten and Hina are going to lock horns over the captaincy task. He even tells Luv that the two are not friends anymore and that Tyagi should rather maintain distance from him.

John Green Announces Turtles All The Way Down Is Becoming A Movie
Temple Hill's Isaac Klausner and Marty Bowen will produce, with Erin Siminoff and Molly Saffron overseeing for Fox 2000. When a local billionaire disappears, Aza and her friend Daisy set out to find the missing man.

A snow-ice weather warning has been issued by Met Eireann
The powerful storm front has resulted in a nationwide snow-ice warning due to kick in tonight at 11pm . North and northwest counties will be most at risk, as well as higher ground elsewhere".

DOJ Indicts Illegal Immigrant Acquitted of Murder in Kate Steinle Case
Jurors could also have convicted Garcia Zarate of second-degree murder or involuntary manslaughter but chose not to. Garcia Zarate is to be sentenced in state court December 14.

What the Insider Data Suggests About Antero Resources Corporation (AR)
Retail Bank Of Nova Scotia holds 0% or 17,649 shares in its portfolio. 11,966 are owned by Cubist Systematic Strategies Ltd Com. This nets out to a decrease of 4.89 million shares and is another bearish sign for AR. (NYSE:WD) or 19,700 shares.

Other news