U.S. judge denies effort to stop Mulvaney from heading consumer watchdog

From Reuters - January 10, 2018

WASHINGTON (Reuters) - A U.S. federal judge denied on Wednesday a preliminary injunction sought by the deputy director of the Consumer Financial Protection Bureau seeking to stop White House budget director Mick Mulvaney from taking control of the agency.

The deputy director, Leandra English, has challenged Mulvaneys right to lead the consumer watchdog bureau, citing her endorsement by former CFPB Director Richard Cordray, an appointee of the Obama administration who stepped down in November.

English says Cordray had legal grounds under the 2010 Dodd-Frank Wall Street reform law that created the agency to name his successor until a full-time director is chosen by President Donald Trump and confirmed by the U.S. Senate.

Trump tapped Mulvaney, who also serves as director of the White House Office of Management and Budget, to lead the CFPB on an interim basis after Cordrays departure.

English has not demonstrated a likelihood of success on the merits or shown that she will suffer irreparable injury absent injunctive relief, Judge Timothy Kelly, of U.S. District Court in the District of Columbia, wrote in his decision.

In November, Kelly had turned down Englishs request for a temporary restraining order.


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