The Wall Street Journal: White House budget director Mitch Mulvaney expected to be named acting CFPB chief
WASHINGTON — 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, this person said.
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 administration will announce an acting director and the president’s choice to replace Cordray at the appropriate time,” White House spokesman Raj Shah said Thursday.
An expanded version of this report appears on WSJ.com.
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