Richard Cordray

Mick Mulvaney must leave as CFPB chief soon, unless Trump nominates somebody — anybody — else for the job

Mick Mulvaney must leave as CFPB chief soon, unless Trump nominates somebody — anybody — else for the job

Time is running out on Mick Mulvaney’s tenure as acting head of the Consumer Financial Protection Bureau, but there’s an easy way for the White House to extend his tenure: nominate somebody — anybody — else to permanently fill the job.

As it stands now, Mulvaney must step down from his job temporarily running the bureau next month under the federal law President Trump used to install him in the job last year in a controversial appointment that sparked protests and a lawsuit.

But Mulvaney could stay in the position for months more — to the delight of banks and frustration of consumer advocates — if Trump simply nominates someone to be the permanent director.

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