ECBA partner Ilann M. Maazel appeared yesterday evening on NY1 with Linda Levy, CEO of the Lower East Side People’s Federal Credit Union. ECBA represents the credit union in its case challenging President Trump’s appointment of Michael Mulvaney as Acting Director of the Consumer Financial Protection Bureau.
“[The CFPB] is being run by someone who should not be there, someone who is there illegally,” Mr. Maazel told NY1’s Errol Louis. “We’re in a state of absolute regulatory chaos.”
Oral argument was held this morning in federal court on the credit union’s emergency motion to remove Mr. Mulvaney and on President Trump and Mr. Mulvaney’s motion to dismiss the case.