Judge Leaves Mick Mulvaney In Place As Acting Director Of CFPB

How The Consumer Financial Protection Bureau Came Into Creation

While English's lawyer, Deepak Gupta, argued that Mulvaney could not lead an independent agency while serving the president, the budget director insisted that he would "be as independent from Donald Trump in this role" as Cordray had been from Obama.

When he was a member of Congress, current acting director Mulvaney called the agency a "joke" and sought to abolish it.

Mulvaney again directed staff to disregard instructions from the agency's deputy director, Leandra English, his second such memo telling employees to ignore communications from the top official.

As of Tuesday, the CFPB's website lists Mulvaney as the agency's acting director, while English is listed as its deputy director.

Mulvaney has already moved to take full control of the consumer watchdog agency.

At the center of the case is a debate about which law should govern who serves as acting head of the CFPB.

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She said there were no signs of damage at the base nor would there be any change in its operation. Thousands of people, including some on the fringes of New England, reported sensing the quake.

"Dodd-Frank is quite specific: It provides its own succession planning", Sen.

At Tuesday's packed hearing at the DC District Court, Kelly issued his ruling on the temporary restraining order from the bench, spending a long time explaining why he believed English's case is not likely to "succeed on the merits"-a requirement for issuing a restraining order".

The CFPB, created in the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, has been criticized as being unconstitutional and lacking proper oversight. "The Vacancies Reform Act does appear to apply to this situation", he said.

Senator Elizabeth Warren, who came up with the idea of a CFPB and has fiercely defended the agency, told Reuters Tuesday there is "no doubt" the legal fight will continue in a federal appeals court-perhaps a signal that she, too, is pessimistic about Kelly's ruling. "I'd hate to lose faith in the independence of the judiciary, but I imagine he was appointed because he has certain views in line with the Trump administration and that may include views about the authority of the president", Richard Horn, a former CFPB attorney, told American Banker. Asked who is, he said only "there's an ethics structure that's set up".

Mulvaney took up his position as acting director on Monday despite the dispute over who was to hold the position until a permanent leader could be nominated and approved by the U.S. senate.

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