The Trump administration's memo, directing federal agencies to delay rule making, likely carries no legal weight with independent agencies, such as the NCUA and the CFPB; but the agencies risk the political wrath of the new president if they don't fall in line.
Earlier this year, former NCUA Chairman Michael Fryzel said any administration would expect that independent agencies would comply with such directions. Subsequently, Fryzel became a member of the Trump Administration's "landing team" for the NCUA.
Legally, the NCUA is not subject to such a directive from the administration, said an attorney whose practice focuses on such issues.
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