Skip to main content

Court Upholds Mulvaney Appointment at CFPB

Phil Hall
Nov 28, 2017
Mick Mulvaney arrived on his first day as President Trump’s appointment as Acting Director at the Consumer Financial Protection Bureau (CFPB)

A federal court sided with President Trump and allowed his appointment of Mick Mulvaney as acting director of the Consumer Financial Protection Bureau (CFPB) to remain in place.
U.S. District Court Judge Timothy Kelly upheld the Mulvaney appointment by citing the unprecedented nature of having a regulator—in this case, outgoing CFPB Director Richard Cordray—name his own successor rather than have the president fill the position. "Denying the president's authority to appoint Mr. Mulvaney raises significant constitutional questions," Kelly said.
Kelly dismissed arguments that Mulvaney cannot remain as director of the Office of Management and Budget while holding the CFPB position, adding that "nothing in the statutes prevents Mr. Mulvaney from holding both of these positions." A new full-time CFPB director will require confirmation by the Senate.
Earlier in the day, Mulvaney further asserted his role as acting director at the Consumer Financial Protection Bureau (CFPB) by taking control of the Twitter channel associated with that position. In his first tweet this afternoon on the Twitter handle @CFPBDirector, Mulvaney posted a photo of himself working over documents at a desk. Mulvaney’s first tweet said, “Busy day at the @CFPB. Digging into the details.”
While Mulvaney was at work in his office, Sen. Elizabeth Warren (D-MA) appeared at a small protest in front of the CFPB’s headquarters. “For six years this agency has fought for working people,” said Warren. “And now it’s time for us to fight for the agency.”
Absent from public view was Leandra English, Cordray’s handpicked appointee for the acting director’s role. However, the attorney representing English in her lawsuit to void the Mulvaney appointment, Deepak Gupta, admitted on CNBC today that English was not financing her own litigation, but he repeatedly declined to identify who was paying her legal fees. “I don’t think it’s appropriate for me to be talking about that on TV right now,” he said, adding that he was not representing English on a pro bono basis.
Nov 28, 2017
CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
Jul 14, 2021
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
Jul 13, 2021
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
Jul 01, 2021
FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
Jul 01, 2021
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021
CFPB Finds Evidence Of Redlining And Deceptive Acts In 2020

Enforcement actions resulted in more than $124 million in consumer remediation and civil money penalties in 2020

Regulation and Compliance
Jun 29, 2021