Who's the boss come Monday at consumer agency?
Associated Press
Who's the boss? That's the awkward question after the departing head of a government agency charged with looking after consumer rights appointed a deputy to temporarily fill his spot. The White House then named its own interim leader.
One job, two people – and two very different views on how to do it.
The first pick is expected to continue the aggressive policing of banks and other lenders that have angered Republicans. The second, President Donald Trump's choice, has called the agency a "joke," an example of bureaucracy run amok, and is expected to dismantle much of what the agency has done.
So come Monday, who will be leading the Consumer Financial Protection Bureau?
Senior Trump administration officials said today the law was on their side and they expect no trouble when Trump's pick for temporary director of the CFPB shows up for work. Departing director Richard Cordray, an Obama appointee long criticized by Congressional Republicans as overzealous, had cited a different rule in saying the law was on his side.
In tendering his resignation Friday, Cordray elevated Leandra English, who was the agency's chief of staff, into the deputy director position. Citing the Dodd-Frank Act that created the CFPB, he said English, an ally of his, would become acting director upon his departure.
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