Mulvaney says no plans to fire USA consumer bureau's English

Reuters

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. It says the bureau created in 2010 after the 2008 financial crisis is an independent watchdog to protect consumers of the USA financial services industry.

The Dodd-Frank Act stipulates that the agency's deputy director shall serve in the "absence or unavailability" of the director, but the White House argued that the law is superseded by the 1998 Vacancies Reform Act, which gives the president the power to name interim heads of executive agencies. "We urge you to nominate a CFPB Director who will bring to the job both bipartisan support and a track record of being tough on Wall Street".

He declined to comment on specific cases, but said there were two litigation actions he has asked to delay and separately cited the CFPB's case against mortgage company PHH Corp as one that "has issues" without elaborating.

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Placing a freeze on the CFPB's collection of any personally identifiable information, such as individual loan level data, until the CFPB improves its data security systems. It says Mulvaney doesn't like the bureau's existence and is trying to minimize it.

"Then I'm going to get down to the weeds of something I enjoy which is the budget, and how the agency.is funded, how it's structured, personnel, those types of things", he added.

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

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