Credit Union Sues Trump For Naming Mulvaney CFPB Director

Law360, Los Angeles (December 5, 2017, 11:06 PM EST) -- A credit union sued President Donald Trump and his appointed Consumer Financial Protection Bureau acting director Mick Mulvaney in New York federal court on Tuesday, claiming Trump undermined the Constitution to pick his man over the deputy director selected by the former agency head.

According to Tuesday’s filing by Lower East Side People’s Federal Credit Union, the Dodd-Frank Act requires that the bureau’s deputy director serve as acting director “in the absence or unavailability of the director,” and former director Richard Cordray named Leandra English, CFPB’s...
To view the full article, register now.