BUDGET/CONSUMER PROTECTION/NOMINATIONS/TRUMP AS PRESIDENT: “White House budget director Mick Mulvaney is expected to be tapped by the White House to serve as acting director of the Consumer Financial Protection Bureau when the agency’s current head, Richard Cordray, resigns from his post later in November, according to a person familiar with the matter.
The move could be announced by the White House as soon as Friday [11-17-17], this person said.
Mr. Mulvaney would continue to serve as the director of the White House Office of Management and Budget. He would return full-time to the OMB once the White House nominates and the Senate confirms a new, permanent director for the job, the person added.
The Trump administration has used existing political appointees to temporarily fill vacant regulatory posts in other cases, including when the Treasury Department in October designated its tax policy chief, David Kautter, to simultaneously serve as the interim head of the Internal Revenue Service. The term of the IRS’s confirmed director, John Koskinen, expired on Nov. 12…
Mr. Cordray, who announced his resignation plans on Wednesday, has been at the CFPB for six years and is its first director. The bureau was opened during the Obama administration after the financial crisis. It has been the target of Republican critics since its creation.
The appointment of Mr. Mulvaney could create a confrontation with CFPB officials, who were expecting Mr. Cordray’s acting deputy director, David Silberman, to temporarily run the bureau…
A CFPB spokesman wasn’t immediately available for comment.”
-Nick Timiraos, “Trump Is Expected to Name OMB Director Interim Head of Consumer Regulator,” The Wall Street Journal online, Nov. 16, 2017 06:25pm