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A D.C. federal district court judge in the lawsuit over the CFPB's interim director posting ruled in favor of the Trump administration yesterday, effectively allowing Mick Mulvaney to serve as the bureau's acting director. The president has yet to nominate a permanent successor to fill the vacancy, which would require Senate confirmation.

President Trump named Mulvaney interim director of the CFPB after then-Director Richard Cordray departed the post on Friday. Before his departure, Cordray named his chief of staff, Leandra English, as the bureau's deputy director. English filed suit against Trump and Mulvaney asking a federal judge to declare her as acting director of the CFPB and block Mulvaney as the bureau's interim chief.

NAFCU was at the court hearing yesterday in Washington where U.S. district court Judge Timothy Kelly denied English's request to bar Mulvaney from serving as the bureau's acting director. English could proceed with additional legal action to challenge the decision.

NAFCU was also in attendance at a hearing Monday where Kelly heard initial comments from both sides but rendered no decision. The administration filed its response to English's suit Monday night.

In light of the leadership change at the CFPB, NAFCU President and CEO Dan Berger in a letter to Mulvaney Monday outlined a few areas where action can be taken to provide credit unions with much-needed regulatory relief. (Read more here)

Mulvaney is currently the head of the White House Office of Budget Management, and will serve in both positions until a permanent CFPB director is nominated and confirmed.