“Leandra English, a career staffer appointed Friday to lead the CFPB,” is suing the Trump administration for control over the CFPB, reports a range of sources, including the right-of-center Wall Street Journal, and left-of-center media outlets such as the New York Times, LA Times and others.

Outgoing director, Richard Cordray, appointed English to succeed himself last week.

President Donald J. Trump named as temporary head of the federal agency, Office of Management and Budget Director Mick Mulvaney.

Mulvaney Is “a harsh critic of the agency,” reports Reuters. “Trump wants Mulvaney to run the CFPB until he can get a permanent successor confirmed by the Senate, a process which could take months.”

Due to English’s filing suit on Sunday, it sets up “The unprecedented battle reflects competing visions of how to regulate the U.S. financial system.” said Reuters.

Besides potential impacts on manufactured housing finance and related issues – see link here –  the move could cause some tremors in the markets.

The Department of Justice (DoJ) signaled last week that it would back the president’s authority, as the chief executive of the federal government.

But it looms as a big D.C. battle.

Dick Durbin, the U.S. Senate’s No. 2 Democrat, told CNN on Sunday that “Wall Street hates it like the devil hates holy water.”  Reuters said, “While the legal battle rages, the CFPB’s enforcement work will be put in limbo,” and “Anything that the agency does or fails to do could be subject to challenge until this cloud is removed,” said Harvard Law School professor Laurence Tribe.”

Trump Administration officials claim the president has the power to appoint an acting director under the 1998 Federal Vacancies Reform Act.  Mary McLeod, the CFPB’s own general counsel, issued a three-page memo agreeing.

“I advise all Bureau personnel to act consistently with the understanding that Director Mulvaney is the Acting Director of the CFPB,” McLeod’s memo, dated November 25, stated.

Even the left-of-center Bloomberg’s take this morning reflects that the Constitution favors the Trump Administration.  But the fact that this tactic was launched at all is just the latest in the disturbing trend that some in the conservative media are calling the “deep state” resistance to the Trump Administration’s legal authority.

An previous and related Daily Business News report on this issue is linked below. ## (News, analysis, and commentary.)

Obtained Email Details Richard Cordray Resigning Soon, Cong. Hensarling Reacts

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.