Story highlights Trump picks Mick Mulvaney to head consumer agencyHours earlier, the outgoing director had picked his own successor(CNN) President Donald Trump named an interim head of the Consumer Financial Protection Bureau shortly after the outgoing director appointed his own successor, signaling a potential showdown over who's in charge of the federal watchdog agency. Trump named Mick Mulvaney, the current director of the Office of Management and Budget, as interim director of the consumer watchdog agency. "Director Mulvaney will serve as acting director until a permanent director is nominated and confirmed," the White House said in a statement Friday. Richard CordrayCordray named his chief of staff, Leandra English, as deputy director, which essentially establishes her as the bureau's acting director.

Source: CNN November 25, 2017 08:21 UTC