Lawsuit challenges Trump's financial bureau appointment

Hearing in CFPB leadership legal battle set for Dec. 22

UPDATE 1-Mulvaney says no plans to fire US consumer bureau's English

Mulvaney this week brought in Republican congressional lawyer Brian Johnson as a senior adviser and plans to quickly bring on board more political hires to help him review the bureau's existing and pending regulations, the budget chief said.

English asked a Washington federal judge to block Mulvaney from stepping in shortly thereafter.

The suit argues that the Dodd-Frank act requires that English should remain acting director until the president appoints and the Senate confirms a new director.

Directing CFPB staff to examine all investigations and litigation.

English is expected to formally file a preliminary injunction against Mulvaney and Trump this week, according to court filings.

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Trump, according to a Manhattan Federal Court lawsuit filed Tuesday, "has attempted an illegal hostile takeover of the" bureau after its director, Richard Cordray, announced his resignation November 24. "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".

English has challenged Mulvaney's right to lead the agency, citing her endorsement by former CFPB director Richard Cordray who stepped down two weeks ago.

LESPFCU has 8,500 members and serves low-income, immigrant and other underserved communities.

A federal judge said Tuesday that he will hear motions December 22 in a case that seeks a preliminary injunction against acting Consumer Financial Protection Bureau Director Mick Mulvaney and would instead install Deputy Director Leandra English as interim head of the agency.

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