[Ed. – Basically, this means Trump will need to get a permanent successor approved by the Senate in order to start effectively changing policy at the Elizabeth Warren Finance Industry Shakedown Racket Bureau. The bureau is costing all of us by increasing the cost of routine small-finance transactions, and thus suppressing them. The main impact is on small business. The purpose is to take away your financial freedom.]
Consumer Financial Protection Bureau Director Richard Cordray on Friday appointed the agency’s chief of staff, Leandra English, as the CFPB’s deputy director, establishing her as his successor when he steps down at the end of the day.
The move appears designed to thwart any move by President Donald Trump to name another temporary official to head the controversial agency. Trump has been reported to be considering White House Budget Director Mick Mulvaney for the role.
The 2010 Dodd-Frank Act, which created the CFPB, explicitly says the consumer bureau’s deputy director shall “serve as acting Director in the absence or unavailability of the Director.”
Trump will likely now have to nominate someone who must be confirmed by the Senate before he can oust English.