(Reuters)President Trump and the outgoing head of the Consumer Financial Protection Bureau both named acting directors to head the watchdog agency on Friday, throwing its leadership into disarray. Legal analysts were split over whether the White House or the CFPB had authority to name an acting director, with each side citing the fine print of dueling federal rules. Trump proposed his White House budget director, Mick Mulvaney, as the acting director of the CFPB, which Mulvaney once called a “joke” and said he wished didn’t exist. Cordray said in a letter to CFPB staff that English would serve as the agency’s acting director until a replacement was confirmed by the Senate. Others argued that the Federal Vacancies Reform Act gives the President wide latitude to appoint an acting director.

Source: Washington Post November 25, 2017 02:41 UTC