Released: January 11, 2018
Judge again rules for Trump administration for control of CFPB
Source: Renae Merle, Washington Post (Paid Registration)
A federal judge sided with the Trump administration for a second time in a fight for control of the Consumer Financial Protection Bureau, denying a request by a high-ranking agency employee that she be put in charge instead of the White House’s pick.
Leandra English’s attorneys argued that the 2010 Dodd-Frank Act, which established the CFPB after the financial crisis, laid out a specific plan of succession authorizing the deputy director to take over until a White House nominee is confirmed by the Senate. Also, they said, Mulvaney cannot wear two hats by simultaneously leading the independent financial regulator while serving as director the Office of Management and Budget.
Read Full Article: Judge again rules for Trump administration for control of CFPB