In a soap opera that seems determined to get ever bubblier, the CFPB has now been sued by a federal credit union looking to stop Mick Mulvaney from being installed as the agency’s leader.

Calling the move “regulatory chaos” and noting that it has tipped off a pitched fight over who is the legal leader of the regulator, the Lower East Side People’s Federal Credit Union petitioned the courts to officially remove Mulvaney, Trump’s budget director.

The credit union would instead like to have Leandra English, the CFPB’s deputy director, put in place as the proper acting head of the bureau.

The case has been filed in U.S. District Court in Manhattan.

 

continue reading »