A New York-based credit union has filed suit against President Donald Trump, alleging that he is involved in a “hostile takeover” of the Consumer Financial Protection Bureau.
The complaint characterizes the president’s appointment of Mick Mulvaney as the bureau’s acting director as a power grab, and states that Trump’s use of the Federal Vacancies Reform Act to appoint Mulvaney is unwarranted based on updated language in Dodd-Frank.
Find out more details about arguments expressed in the lawsuit.