A New York credit union president says she doesn't know which CFPB rules to follow, adding that the battle over the agency's leadership has caused regulatory chaos at her institution.
As a result, Linda Levy, CEO of the Lower East Side People's Federal Credit Union, said her credit union "does not know if, or for how much longer, existing CFPB rules will remain in effect, or if planned-for CFPB rules will in fact be going into effect as expected."
Levy on Tuesday asked a federal judge to consider who the rightful acting head of the agency should be on an expedited schedule, contending that CFPB Deputy Director Leandra English is the proper interim director.
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