A U.S. District Court in Washington, D.C. has thrown out a request for a restraining order that would block OMB Director Mick Mulvaney from assuming leadership as interim director of the Consumer Financial Protection Bureau (CFPB).
The suit was brought by Leandra English, who was named deputy of director by outgoing Director Richard Cordray on Friday after David Silberman served in that role as acting director for nearly two years. Trump simultaneously named Mulvaney interim acting director Friday.
“CUNA has long pushed for a bipartisan commission to lead the CFPB, and the questions we’ve seen raised over the last few days only reinforce that need,” said CUNA Chief Advocacy Officer Ryan Donovan. “In the meantime, the president has appointed Mick Mulvaney acting director of the CFPB, who we have already reached out to, and we look forward to working with the bureau going forward on ways it can bring much needed regulatory relief to credit unions.”
In light of today's ruling the restraining order was denied and Mulvaney is considered the director. CUNA wrote to Mulvaney Monday with a list of concerns credit unions have with the CFPB, and suggestions to help achieve regulatory relief. One such suggestion, a freeze on rulemaking, was announced by Mulvaney Monday evening.