BREAKING: Judge Issues Ruling in Bizarre CFPB Case

A judge has denied a requested restraining order to prevent Mick Mulvaney taking over as the acting head of the Consumer Financial Protection Board.

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This whole power struggle has been bizarre. In what universe does an outgoing political appointee’s hiring decision take precedence over a decision by the sitting President of the United States? That’s where we are in 2017 though.

The ruling was issued by Judge Timothy J. Kelly of the U.S. District Court for the District of Columbia. He was nominated this year by President Trump and took his seat on the court in September.

The dispute was precipitated by last week’s resignation of Richard Cordray, a Democrat who has been the agency’s only director since it was established in 2010 by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Cordray announced Friday that he had appointed Leandra English as the agency’s deputy director, which made her the acting chief, but within hours President Trump appointed Mulvaney, the White House budget chief, to fill the post.

English filed suit Sunday asking for the court order, saying she was the lawful acting director under a provision in the Dodd-Frank act that details succession when the director departs.

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The left are desperate to maintain control of the CFPB the existence of which is opposed by many on the right. Elizabeth Warren led protests this afternoon to block the appointment of Mick Mulvaney to head up the agency he refers to as a “sick joke.”

Poor Elizabeth Warren is having a bad week.

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