Judge rules for Trump over watchdog leadership

Judge rules for Trump over watchdog leadership

English sued, claiming the appointment was unlawful, since Dodd-Frank specifically proscribes a succession procedure.

Kelly, who has been on the bench since only September, is a Trump nominee who previously worked for Senate Judiciary Committee Chairman Chuck Grassley, an Iowa Republican, and also served as a federal prosecutor.

Principal Deputy Press Secretary Raj Shah says Tuesday that the decision "provides further support for the President's rightful authority" to tap Mick Mulvaney, now the White House's budget director.

Mulvaney has imposed a temporary freeze on hiring and new regulations.

Gupta said English was not requesting that the president be barred from appointing a new bureau director subject to Senate confirmation, but that he be blocked from "appointing or recognizing" a temporary chief, and that Mulvaney be prohibited from taking charge.

Joining the fight on English's behalf were about two dozen current and former members of Congress who told Kelly the president's choice of his White House budget director to temporarily helm the CFPB threatened the agency's ability to operate independently as designed.

President Trump, however, countered the move by naming Mulvaney, director of the Office of Management and Budget and a vocal critic of the consumer bureau, as the watchdog's interim director.

The CFPB's former acting director Richard Cordray, an Obama-era holdover, had claimed that English was the rightful successor to the position.

Antonio Conte fires warning at Eden Hazard ahead of Chelsea v Swansea
Antonio Conte has warned Chelsea they "must be worried" by Manchester City's spending power ahead of the January transfer window. Conte also praised Swansea manager, Paul Clement who was an assistant to Carlo Ancelotti at Chelsea during the 2010/11 season.

Overdraft fees: Financial institutions steer consumers into overdraft protection programs that cost $15 billion in fees previous year, according to the CFPB. Under Cordray, the agency drew fire for its aggressiveness, even as it laid claim to providing nearly $12 billion in relief to consumers.

Her claim of authority isn't only disputed by the administration, but also by CFPB General Counsel Mary McLeod who, on November 25, issued her own analysis of the relevant laws and concluded Trump has the power to name an acting director.

Asked by Kelly on Monday why the court should undertake the "extraordinary remedy" of blocking the president from exercising the power of his office, English's attorney said, "I don't deny it's extraordinary".

The CFPB has been working on rules for the past few years to address bank overdraft fees and the tactics used by debt collectors.

"Hey hey, ho ho, Mick Mulvaney has got to go", they chanted.

The agency has also announced cases against dozen of financial institutions that are still pending in court or under investigation.

"I think he would gut the agency", Behler said of Mulvaney.

"I think he will take a fresh look at all of the CFPB pending investigations and decide whether or not CFPB should continue them", said Kaplinsky, who has represented firms against the CFPB.

Related Articles