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Trump exerts executive power in Consumer Financial Protection Bureau leadership battle

OMB Director Mick Mulvaney

John Hudak, senior fellow in Governance Studies and deputy director of the Center for Effective Public Management, comments battle between competing interim leaders at the Consumer Financial Protection Bureau (CFPB). Hudak looks at the competing authorities that govern who can be interim director of the agency following Director Richard Cordray’s announcement that he is stepping down. Does the Dodd-Frank Act of 2010 give Cordray authority to name his own interim successor (Leandra English), or does the Federal Vacancies Reform Act grant President Trump even more authority to name the interim director (in this case, OMB Director Mick Mulvaney)?

Related content:

Why Americans should care about the Consumer Financial Protection Bureau (5 on 45 podcast with Makada Henry-Nickie)

A Conversation with Richard Cordray, Director of the Consumer Financial Protection Bureau (Brookings Event, 1/13/15)

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