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Credit Union Accuses Trump of 'Hostile Takeover’ of CFPB

"President Trump has attempted an illegal hostile takeover of the CFPB," a credit union states in a lawsuit.

By David Baumann | Updated on December 05, 2017

A New York credit union has filed suit in federal court accusing the Trump Administration of a “hostile takeover” of the CFPB following the resignation of agency Director Richard Cordray.

The Lower East Side People’s Federal Credit Union filed suit in U.S. District Court for the Southern District of New York contending that President Trump illegally appointed Office of Management ad Budget Director Mick Mulvaney to serve as interim director of the agency.

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David Baumann

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