National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger today issued a statement after learning of a New York credit union's lawsuit against President Donald Trump and CFPB Interim Director Mick Mulvaney. The lawsuit states that the credit union believes the president violated the Constitution when he installed his budget director as interim chief.
"While Lower East Side People's Federal Credit Union is not a member of NAFCU, we were surprised to see the lawsuit," said Berger. "Since the CFPB's inception, NAFCU has worked with the bureau to ensure credit unions' needs are heard. We look forward to continuing to reduce unnecessary regulatory burdens on credit unions, including regulation promulgated by the CFPB, as we outlined in a letter to Interim Director Mulvaney last week."