The Consumer Financial Protection Bureau, or CFPB, has been a total disaster as run by the previous Administrations pick. Financial Institutions have been devastated and unable to properly serve the public. We will bring it back to life!— Donald J. Trump (@realDonaldTrump) November 25, 2017
Trump appointed White House budget chief Mick Mulvaney on Friday to head the bureau just hours prior to the resignation of former director Richard Cordray. The move superseded Corday's hand-selected pick for a temporary successor, Deputy Director Leandra English.White House officials have called the decision "a typical, routine move" despite criticism from Democrats who have questioned Trump's authority to appoint someone to the independent consumer watchdog.Senior White House officials insisted Saturday that Trump is legally allowed under the Federal Vacancies Act to appoint an acting director.Sen. Elizabeth Warren (D-Mass.) cited the Dodd-Frank Act, which authorized the agency's creation, in saying that Trump could only nominate a permanent successor to lead the agency and that English was the rightful temporary director.
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