Credit Union's Challenge To Trump's CFPB Pick Tossed

By Evan Weinberger (February 2, 2018, 5:13 PM EST) -- A federal judge on Thursday said a New York-based credit union is not in a position to challenge President Donald Trump's selection of Office of Management and Budget Director Mick Mulvaney to serve as the Consumer Financial Protection Bureau's acting director.

U.S. District Judge Paul G. Gardephe of the federal district court in Manhattan said in a 20-page opinion that the Lower East Side People's Federal Credit Union does not have standing to challenge Trump's choice of Mulvaney to serve as the temporary chief of the federal consumer finance watchdog.

Although the Lower East Side People's Federal Credit Union is regulated...

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