The White House Budget chief and an Obama-era official are both claiming rights to lead the CFPB. The agency was created in response to criticism that the previous regulatory structure didn’t prevent a mortgage-market meltdown because the responsibility for consumer protection was scattered among various agencies. Mick Mulvaney, The White House Budget chief assumed the position of acting director on Monday, however Leandra English an Obama-era official who was going to assume control filed a lawsuit claiming that the position belongs to her. Although this regulatory agency is said to be an independent organization many Republican lawmakers would like to make the agency a commission so that lawmakers could oversee and approve its yearly budget and have congressional oversight. The battle for the position will ultimately take place in federal courts as either party seems to shy away be backing down.
Tensions Are High as Mulvaney Arrives at Embattled CFPB
- Posted November 27
- by editor
- 0 comments

Share This Article
Leave a Reply
Blog
-
At the start of 2020 when COVID-19 took hold in the U.S., the Treasury Department rightly decided to push the […]
June 24 -
Congratulations to the Members of the 114th Congress! It is an exciting time for America, particularly in the knowledge-based economy. […]
February 2 -
On behalf of our organizations and the millions of Americans we represent across all 50 states, I write to express […]
January 29 -
July 8, 2014 Dear House Ways and Means Committee Chairman Dave Camp and Senate Finance Committee Chairman Ron Wyden: With […]
July 8 -
Once again we find ourselves preparing for the imminent possibility of a government shutdown. President Obama will soon approach Congress […]
August 8