The director of the Consumer Financial Protection Bureau (CFPB) resigned on Friday and named his own successor, leading to an open conflict with Donald Trump, who announced a different person as acting head of the agency.
That means there are now effectively two acting directors of the CFPB.
Typically an acting director position would be filled according to the Federal Vacancies Reform Act (FVRA) of 1998. But along with his resignation, Richard Cordray elevated Leandra English, the agency’s chief of staff, to be deputy director.
Under the Dodd-Frank Act that created the CFPB, English would thus become acting director. Cordray, a Democrat and Barack Obama appointee, cited the law when he promoted English, a longtime ally.
Within a few hours, Trump announced his own acting director: Mick Mulvaney, currently director of the Office of Management and Budget. The former congressman, a rightwing budget hawk, had widely been expected to be Trump’s temporary pick for the bureau until a permanent one could be found.
Mulvaney is a long-time critic of the CFPB and has wanted the agency’s authority significantly curtailed. The difference between English and Mulvaney running the agency would be significant. The Guardian
Let the political games begin...