The current acting director of the Consumer Financial Protection Bureau (CFPB) is declining to step down, and has asked a federal court to block President Trump's replacement from taking office. Outgoing CFPB director Richard Cordray appointed Leandra English as his interim replacement, but President Trump selected Mick Mulvaney - the current director of the Office of Management and Budget - to take over the job instead. Both English and Mulvaney were scheduled to begin work on Monday. The CFPB was created by the Dodd-Frank Act during the Obama administration, and was intended to protect US consumers against financial industry special interests like banks, mortgage companies and debt collectors. Mulvaney called the CFPB a "joke in a sick, sad kind of way" in a 2014 interview. – GUARDIAN