Judge clears way for Trump's pick to head CFPB

Donald Trump

Donald Trump

"There is no vacancy for President Trump to fill".

Office of Management and Budget (OMB) Director Mick Mulvaney speaks to the media at the U.S. Consumer Financial Protection Bureau (CFPB), where he began work earlier in the day after being named acting director by U.S. President Donald Trump in Washington November 27, 2017.

A federal judge has made a decision to leave White House Budget Director Mick Mulvaney in place as acting director of the Consumer Financial Protection Bureau.

English cited the Dodd-Frank Act, which created the CFPB.

BREAKING NEWS: In a blow to American consumers, judge sides with Trump on CFPB, allowing a man who once called the agency a "sick, sad joke" to run the Bureau.

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Trump hours later announced that Mulvaney would take the job.

The CFPB was created by the Obama administration in the wake of the 2008 economic crisis to protect consumers from predatory banks, lenders, and other financial bodies that could defraud people.

The president has a right to name a permanent director, officials agree, but there are competing legal claims over who should lead the agency in the meantime.

The case is English v. Trump, 17-cv-2534, U.S. District Court, District of Columbia (Washington).

Asked by Kelly if the government would agree that English would not be fired to remove some of the urgency from the matter, Shumate said, he could not "give any representation or assurance on that score".

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Kelly said that "nothing in the statutes prevents Mr. Mulvaney from holding both of these positions".

English's lawyer, Deepak Gupta, told reporters after the hearing that he and English would weigh several options, including trying to immediately appeal - whether they can appeal at this stage is unclear - or securing a ruling from Kelly as quickly as possible that would definitely be appealable under court rules.

"It's too important to everyone to let it rest at the district court".

"Dodd-Frank is quite specific: It provides its own succession planning", Sen.

Republicans have sought to rein in the agency for years as part of efforts to roll back banking industry regulations, saying it is unaccountable to elected officials and harms economic growth by unfairly burdening companies.

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The unusual battle for control of the consumer bureau started on Friday.

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