Donald Trump has named his Office of Management and Budget Director Mick Mulvaney the acting head of the Consumer Finance Protection Bureau in what’s bound to be a major showdown over the agency’s future. The conflict could set up a lengthy legal battle over who can run the CFPB until a permanent head is confirmed. Mulvaney will remain as head of OMB in addition to being interim head of the CFPB. The head of the agency serves for five years and can only be ousted for cause. According to rumors, Cordray, a Democrat, may be preparing to run for the governorship of Ohio, the Los Angeles Times reports.

Source: Huffington Post November 25, 2017 02:31 UTC