Who's In Charge? An Awkward Monday Is Coming For This Federal Agency
The outgoing leader of the Consumer Financial Protection Bureau named a replacement upon resigning. But the president has different plans, fueling a legal battle over who holds the power to appoint.
by Miles Parks
Nov 25, 2017
3 minutes
The Consumer Financial Protection Bureau effectively has two leaders right now, which should lead to a confusing Monday morning back from the Thanksgiving holiday â and eventually a battle in court.
Both the departing head of the CFPB, Obama appointee Richard Cordray, and the White House have named interim leaders of an agency that has been engulfed in partisan politics since its inception as part of the Dodd-Frank regulatory reform bill in 2010.
The agency was created to be
You’re reading a preview, subscribe to read more.
Start your free 30 days