Lawsuit to block Mulvaney from leading CFPB is dismissed

By Jonathan Stempel NEW YORK (Reuters) - A judge has dismissed a lawsuit by a federal credit union in Manhattan that sought to block U.S. President Donald Trump from installing Mick Mulvaney as acting director of the U.S. Consumer Financial Protection Bureau. In a decision made public on Friday, U.S. District Judge Paul Gardephe in Manhattan said the Lower East Side People's Federal Credit Union lacked legal authority to sue, rejecting what he called the plaintiff's "fear-based theory of standing." Gardephe said the credit union failed to show that any actual or expected policy changes under Mulvaney, who is also White House budget chief, would undermine its ability to fulfill its mission of improving the health of underserved communities.

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