Dueling Appointments Lead to Clash at Consumer Protection Bureau
President Trump named his budget director as the agency’s acting leader, moving to take control just hours after its departing leader had taken steps to install his own choice for acting chief.
WASHINGTON — President Trump on Friday named his budget director, Mick Mulvaney, as the acting director of the Consumer Financial Protection Bureau, moving to take control of the agency just hours after its departing leader had taken steps to install his own choice for acting chief.
Earlier on Friday, Richard Cordray, the Obama-appointed leader of the consumer bureau, which was created in 2011 in response to the financial crisis, announced that he would step down at the close of business that day, moving up his planned departure by a week.
In a letter to the staff, he said he was appointing Leandra English, the agency’s chief of staff, as deputy director. Under the law, he said, that appointment would make her the agency’s acting director. The move was seen as an effort to block Mr. Trump from appointing his own acting director.