CFPB leadership remains uncertain despite another Trump administration court victory


A USA federal judge denied on Wednesday a preliminary injunction sought by the deputy director of the Consumer Financial Protection Bureau seeking to stop White House budget director Mick Mulvaney from taking control of the agency. Judge Timothy Kelly said that English was not likely to win on the merits of the case.

But Kaplilnsky said the latest court ruling reduces the pressure on President Trump to replace Mulvaney, who has moved quickly to put his stamp on the bureau, which writes rules and enforces consumer protections against banks and other financial institutions.

An official who hopes to lead the Consumer Financial Protection Bureau on Friday took her fight to a USA appeals court, urging it to oust President Donald Trump's pick for the agency.

A lawyer for English, Deepak Gupta, expressed disappointment at Kelly's decision. But the President, Defendant Donald John Trump, made his own appointment that day, announcing that Defendant John Michael Mulvaney, who serves as the Director of the Office of Management and Budget ("OMB"), would also serve as acting Director of the CFPB upon Cordray's resignation. "Mr. Mulvaney's appointment undermines the Bureau's independence and threatens its mission to protect American consumers", Gupta said. He did not say if or when they would appeal.

The CFPB was created in the aftermath of the 2008 financial crisis.

But there are potential problems with McWatters.

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A federal judge appointed by President Trump has delivered the administration a legal victory with a decision supporting the President's choice for head of the Consumer Financial Protection Bureau.

The dispute began November 24 when Richard Cordray, a Democrat, stepped down as bureau director.

English, who has been with the CFPB since its 2011 inception, subsequently lobbed a lawsuit and engaged in some public sparring with Mulvaney, a longtime critic of the bureau he now heads.

Kelly also refuted English's claim that Trump couldn't appoint someone who was already heading another executive branch, stressing that Mulvaney will only head the CFPB until Trump has appointed someone else. English emailed staff with directives, while Mulvaney showed up with an armful of donuts and an urgent memo.

Trump has yet to name a permanent CFPB director, and Mulvaney has said he expects to be in the interim role for up to seven months. "Granting English an injunction would not bring about more clarity; it would only serve to muddy the waters".