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Acting CFPB Director Mick Mulvaney already has instituted changes at the agency that threaten the stability of the Lower East Side People’s Federal Credit Union, the credit union says in new court documents seeking Mulvaney’s ouster.

“Mr. Mulvaney’s actions in his short time in office have already harmed the Credit Union, harmed its ability to plan for future compliance, and harmed its mission of improving the financial health of underserved communities,” the credit union said, in documents filed in U.S. District Court for the Southern District of New York.

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David Baumann


Credit Union Times

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