Suit challenges Trump's pick for consumer bureau

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Joined by Rep. Jamie Raskin, consumer advocates gathered outside the headquarters of the Consumer Financial Protection Bureau on November 27 to defend the mission of an agency that's delivered $12 billion in relief to over 29 million Americans in its short life.

"The appointment of a second acting director by the White House only creates uncertainty for an agency that so far has done its job protecting consumers and keeping Wall Street in check", Mike Litt, consumer campaign director at U.S. PIRG, told FOX Business. The White House then named its own interim leader.

In tendering his resignation Friday, Cordray elevated Leandra English, who was the agency's chief of staff, into the deputy director position.

One of the administration officials said Mulvaney was expected to start working Monday and that English was expected to also show up - but as deputy director.

Mulvaney, now director of the Office of Management and Budget, has been an outspoken critic of the agency and is expected to pull back on many of Cordray's actions in the six years since he was appointed. District Judge Timothy Kelly, one of Trump's two new D.C. appointees, is slated to hear the case at 4:30 p.m.

Mulvaney has in the past called the bureau "a sick, sad joke" that shouldn't exist.

First, it is hard to see how Deputy Director English obtains an injunction, as a court could reasonably have doubts about both her likelihood of success on the merits, and her claim of irreparable harm (since she may not have a cognizable legal interest in running the agency).

She also argues that the federal law the White House contends supports Trump's appointment of Mulvaney doesn't apply when another statute designates a successor.

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Mick Mulvaney sent an email to staff Monday regarding former Consumer Financial Protection Bureau (CFPB) Director Richard Cordray's hand-picked replacement, completely disregarding her alleged authority.

Sanders didn't say why English wasn't allowed to take over and added, "I'm not saying we have anything against her". "Financial Institutions have been devastated and unable to properly serve the public".

As many of you know, the CFPB is engulfed in a batshit power struggle after Richard Cordray ran away to join the OH political circus, giving The Trump White House a clear shot at doing its favorite thing: passively strangling a government agency to death by appointing an anathematic person to run it.

We'll report back if we find out who's in charge here.

"The CFPB in its short existence has been incredibly effective", counters Rachel Weintraub, the legislative director and general counsel with Consumer Federation of America.

Asked by reporters want Trump wants him to accomplish, Mulvaney said the president wants him to "fix it". While the smoke still hasn't cleared over the situation, POLITICO obtained a memo wherein CFPB General Counsel Mary McLeod backed a Justice Department opinion that was issued over the weekend, throwing more weight behind the legitimacy of Mulvaney's appointment.

"The Consumer Financial Protection Bureau, or CFPB, has been a total disaster as run by the previous Administrations pick".

Sarah Huckabee Sanders, the White House press secretary, commented on the disarray: "It is unfortunate that Mr. Cordray chose to put his political ambition above the interests of consumers with this stunt", she said in a statement.