The Supreme Court is considering a cert petition requesting that it hear the Lucia case, which we have blogged about extensively due to its potential impact on the outcome of the PHH case. Significantly, the DOJ recently filed a brief in the case siding against the SEC and with Lucia, who is challenging the constitutionality of how the SEC’s Administrative Law Judges (“ALJs”) are appointed.… Continue Reading
CFPB General
Five amicus briefs in support of Leandra English filed in CFPB Acting Director dispute
Five amicus briefs were filed last Friday in support of the motion for a preliminary injunction filed by Leandra English in her action seeking a declaration that she, rather than Mick Mulvaney, has the legal right to serve as CFPB Acting Director.
Like her unsuccessful motion for a temporary restraining order (TRO), Ms.… Continue Reading
English files motion for preliminary injunction, amended complaint in CFPB Acting Director dispute
As required by Judge Kelly’s scheduling order, yesterday afternoon Leandra English filed a motion for a preliminary injunction in her action seeking a declaration that she, rather than Mick Mulvaney, has the legal right to serve as CFPB Acting Director. The motion was accompanied by a supporting memorandum. Ms.… Continue Reading
Mulvaney puts hold on CFPB data collection, takes other actions as Acting Director
We have previously blogged about reports that Mick Mulvaney, President Trump’s designee as CFPB Acting Director, has put a 30-day freeze on all regulatory action, CFPB hiring, and new enforcement cases. We also blogged about the CFPB’s withdrawal of its opposition to a motion filed by the defendants in an enforcement action to stay execution of a $7.9 million judgment obtained by the CFPB without posting a bond.… Continue Reading
Second lawsuit filed challenging Mulvaney’s appointment as CFPB Acting Director
Yesterday, the Lower East Side People’s Federal Credit Union filed a complaint in U.S. District Court for the Southern District of New York seeking a declaration that Mick Mulvaney’s appointment as CFPB Acting Director is unconstitutional and in violation of the Consumer Financial Protection Act (CFPA). The complaint also seeks a declaration that Leandra English has the legal right to serve as Acting Director.… Continue Reading
Cordray announces candidacy for Ohio governor
Ending many months of speculation, former CFPB Director Richard Cordray announced yesterday that he is running for Ohio governor.
Mr. Cordray’s announcement makes him the fifth Democrat to enter the race. The primary will be held on May 8, 2018.
Court enters scheduling order in CFPB Acting Director dispute
Following a scheduling conference held earlier today, Judge Timothy Kelly entered an order setting a briefing schedule and hearing date for Laurena English’s motion for a preliminary injunction in her action seeking a declaration that she, rather than Mick Mulvaney, has the legal right to serve as CFPB Acting Director.… Continue Reading
Democratic Senators oppose Mulvaney freeze on payments from CFPB civil penalty fund/English reported to urge continued enforcement activity
At a press conference on November 27, Mick Mulvaney, President Trump’s designee for CFPB Acting Director, is reported to have announced that he has placed a 30-day freeze on all regulatory action, CFPB hiring, and payments from the civil penalty fund. However, it has been reported that last Thursday, November 30, Leandra English, who has filed a lawsuit challenging Mr.… Continue Reading
English to seek preliminary injunction in CFPB Acting Director dispute; Dec. 5 scheduling conference ordered
Leandra English has filed a Proposed Schedule confirming that she plans to file a motion for a preliminary injunction in her action for declaratory and injunctive relief filed in D.C. federal district court seeking a declaration that she, rather than Mick Mulvaney, has the legal right to serve as CFPB Acting Director.… Continue Reading
Democratic lawmakers, Republican attorneys general submit amicus briefs in CFPB Acting Director dispute
Past and present Democratic Representatives and Senators filed an amicus brief in support of the motion for a temporary restraining order filed by Leandra English to block Mick Mulvaney from exercising the authority of CFPB Acting Director. The court granted the lawmakers’ motion for leave to file the brief before its denial of Ms.… Continue Reading