Mick Mulvaney to Remain Acting CFPB Director after Judge's Ruling


Judge Timothy Kelly ruled against a temporary restraining order that would have prohibited acting CFPB chief, Mick Mulvaney, from keeping his position, according to recent reports.

"Leandra English, who was named deputy director of the bureau by outgoing head Richard Cordray, had filed a lawsuit on Monday seeking to block Mulvaney’s nomination, arguing that she was the rightful heir to the CFPB throne," according to Reverse Mortgage Daily.

"Both candidates claimed the legal upper hand, with Trump and Mulvaney citing federal law that allows presidents to nominate acting department heads, and English pointing to language in the Dodd-Frank act that requires the deputy director to assume the top spot in the director’s 'absence or unavailability.'"

Naturally, the Trump administration applauded the Court's decision and provided further support for Mulvaney as acting director of the CFPB, according to the report. To learn more about the ruling, click on the image.

#MickMulvaney #CFPB #ConsumerFinancialProtectionBureau #Judge #Ruling #ActingDirector

Recent Posts

Featured Posts

Follow Us

  • Grey Facebook Icon
  • Grey Twitter Icon
Subscribe

 Stay updated on the latest news, tips, and event info in the mortgage industry. 

  • Grey Facebook Icon
  • Grey Twitter Icon

© American Business Media, LLC.