Richard Cordray, the first director of the Consumer Financial Protection Bureau, resigned Friday and simultaneously named his own successor, setting up the consumer agency for another battle with the Trump White House over control of the powerful federal watchdog.
Cordray had announced earlier this month that he would resign by the end of this month. There is wide speculation that Cordray, a Democrat, is resigning in order to run for governor of Ohio, his home state.
On the same day that Cordray announced his resignation, he also elevated Leandra English, who was the agency's chief of staff, into the deputy director position. With Cordray's resignation, English would become acting director.
By naming English as deputy director, Cordray, an Obama appointee, sets up a fight with the Trump White House, who wanted to assign its own acting director of the CFPB.
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1 comment:
And that's just absurd. Nothing gives him the right to do that. No rule, no law, no administrative act. Only the president, as our country's chief executive officer, can name a successor to the federal agency. The deep state will stop at nothing to retain control, even just making crap up.
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