Battle over leadership of CFPB continues today

After longtime CFPB Director Richard Cordray resigned Friday and designated his chief of staff, Leandra English, as his temporary replacement, a battle over leadership of the office ensued. President Trump named Mick Mulvaney to head the CFPB shortly after English was designated by Cordray. LSCU sources shared information that the CFPB’s general counsel has issued an […]

After longtime CFPB Director Richard Cordray resigned Friday and designated his chief of staff, Leandra English, as his temporary replacement, a battle over leadership of the office ensued. President Trump named Mick Mulvaney to head the CFPB shortly after English was designated by Cordray.

LSCU sources shared information that the CFPB’s general counsel has issued an internal menu that asserts the appointment of Mulvaney to head CFPB today is valid. This follows in the wake of a lawsuit filed last night in U.S. District Court by Deputy Director English. In the suit, English called herself the “rightful acting director” of the CFPB and asked for a temporary restraining order to prevent Mulvaney’s appointment.

It’s unclear whether this memo will have any bearing on the lawsuit. The memo was distributed to CFPB senior staff Sunday.

According to Senate staff, who obtained the memo, Mulvaney was expected to show up at the CFPB this morning to attempt to begin running the bureau.

Written by
admin
View all articles

About Us

The League of Southeastern Credit Unions & Affiliates represents nearly 300 credit unions throughout Alabama, Florida, and Georgia. It has a combined total of almost $200 billion in assets and 12.4 million members. LSCU provides advocacy, compliance services, education and training, cooperative initiatives, and communications.

Social Channels

Follow us on all major social media platforms.

Newsletter

Make sure to subscribe to our newsletter and be the first to know the news.