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Benjamin K. Olson Quoted in American Banker Article, “CFPB Leadership Case Assigned to Trump-Appointed Judge”

American Banker

Benjamin K. Olson

Benjamin K. Olson was quoted on November 27, 2017 in an American Banker article, “CFPB Leadership Case Assigned to Trump-Appointed Judge,” which discussed the lawsuit brought by Leandra English regarding leadership at the Consumer Financial Protection Bureau following the resignation of CFPB Director Richard Cordray. The article stated, “Timothy J. Kelly, who was confirmed to the U.S. District Court for the District of Columbia in September, was assigned Monday to decide whether Leandra English, the CFPB's deputy director, or Mick Mulvaney, the Office of Management and Budget director appointed by President Trump, is the interim head of the CFPB. English filed suit late Sunday in an attempt to block Mulvaney from taking office. Mulvaney went to the CFPB on Monday carrying donuts for senior staff, and quickly ordered them to disregard any orders from English, who sent a note early Monday to staff as ‘acting director.’"

Olson noted, that if Kelly denies the temporary restraining order, then Mulvaney would be in charge of the CFPB. "It’s going to be very difficult for Leandra to claim control down the road. People are trying to have meetings and talk about whatever projects they are responsible for, but I bet it's hard to get much of anything done, given all the distractions," Olson said.

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