Court Date Set for English’s CFPB Appeal – NMP Skip to main content

Court Date Set for English’s CFPB Appeal

Feb 06, 2018
Swiss-based bank UBS’ announcement that the Department of Justice (DOJ) was preparing a civil action related to 40 residential mortgage-backed securities (RMBS) deals from 2006 through 2007 came to fruition sooner than later

Leandra English will have her day in court on April 12, when the U.S. Court of Appeals for the D.C. Circuit is scheduled to hear the oral argument on why she should be considered as the Acting Director of the Consumer Financial Protection Bureau (CFPB).
 
English filed her opening appeal brief on Jan. 30, and the Department of Justice will need to file its opposition brief no later than Feb. 23. English will have the right to a reply brief that is due by March 6.
 
English is appealing the district court’s denial of a preliminary injunction motion seeking the legal affirmation that she is the CFPB Acting Director, a job that is held by President Trump’s appointee Mick Mulvaney. The President has yet to nominate a replacement for Richard Cordray, who resigned as CFPB Director in late November to pursue the Democratic nomination for Governor of Ohio.

 
About the author
Published
Feb 06, 2018
CHLA Uses Trump Mortgage Order To Renew Push For LO Comp Reform

Community lenders want more flexibility over employee compensation, closing-cost estimates, down payment assistance, and federal supervision of smaller IMBs

Servicers Begin Testing Systems Ahead of VA Partial Claim Deadline

VA lenders and servicers have until Nov. 28 to implement the new loss mitigation waterfall and Partial Claim Program

ROAD Act’s Housing Incentive May Be Too Small To Move Supply

Realtor.com finds the median city risks losing only about $84,000, although the policy could carry more weight in supply-starved Northeast and Midwest markets

CRA Proposal Could Reshape Bank Lending And Affordable Housing Investment

The OCC and FDIC would put more weight on lending while easing community development requirements for hundreds of banks

Fannie Mae AI Governance Deadline Arrives Aug. 6

Seller/servicers using artificial intelligence in origination or servicing must have formal policies, oversight, and vendor controls in place

Condo Review Deadline Puts Lenders On The Clock

Fannie Mae and Freddie Mac will eliminate abbreviated project reviews for condo applications dated on or after Aug. 3