Proposals For Reform Under A New CFPB

By Reginald Brown, Franca Harris Gutierrez, Daniel Kearney Jr. and Bradford Hardin Jr. (November 27, 2017, 4:51 PM EST) -- On Nov. 24, 2017, Richard Cordray, the director of the Consumer Financial Protection Bureau, tendered his resignation and appointed his chief of staff, Leandra English, to the long-vacant position of deputy director, asserting that "[u]pon my departure, [English] will become the acting Director pursuant to section 1011(b)(5) of the Dodd-Frank Act." Hours later, and before Cordray's resignation was effective, President Donald Trump named Office of Management and Budget Director Mick Mulvaney as acting director of the CFPB, relying on the president's authority under the Federal Vacancies Reform Act....

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