Speed Reads


Court won't block Trump's pick to lead consumer agency

U.S. District Judge Timothy Kelly ruled in favor of the Trump administration on Tuesday, denying a request by Leandra English to block White House budget director Mick Mulvaney from becoming acting director of the Consumer Financial Protection Bureau.

Last week, English was promoted to deputy director by the bureau's outgoing chief, Richard Cordray, who said effective at midnight Friday, she would become acting director. The Trump administration announced that it was installing Mulvaney as acting director, and English asked for a temporary restraining order to keep Mulvaney from taking the post. That didn't keep Mulvaney from showing up to work at the agency on Monday, donuts in hand.

Republicans have criticized the consumer bureau since it was formed in 2011, saying it acts too aggressively when it takes on big banks, payday lenders, and other businesses.