November 17, 2017
The White House budget director could be appointed to a second position.
President Trump reportedly plans to nominate Mick Mulvaney as the interim director of the Consumer Financial Protection Bureau.
Former Director Rchard Cordray recently announced he would be stepping down from the post he held for six years.
Some congressional Republicans have criticized the bureau, calling it a “rogue agency.”
Mulvaney has been a critic of the CFPB, saying it has too much regulatory power and needs to be held more accountable.
As director he is expected to make significant changes in reversing Obama-era policies.
If selected to head the position, Mulvaney would remain budget director until someone else is appointed to lead the CFPB.