Trump Vows to End CFPB ‘Disaster’ With Temporary Head Mulvaney
- Budget chief named as consumer watchdog agency’s acting head
- Outgoing CFPB chief Cordray had already named his successor
CFPB Leadership Becomes Washington's New Flashpoint
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A high-stakes legal clash is unfolding over President Donald Trump’s temporary pick to run Elizabeth Warren’s favorite bank regulator, and the White House is holding its ground.
Trump on Friday said he’s naming White House budget director Mick Mulvaney to be the temporary head of the Consumer Financial Protection Bureau. The announcement came hours after outgoing CFPB Director Richard Cordray said he was tapping a deputy to run the agency on an acting basis, a move widely seen as an attempt to prevent the White House from naming a successor.