“The law authorized me to appoint a deputy director, and I did so. My understanding of the law is that the deputy director serves as the acting director upon my resignation. The Consumer Financial Protection Bureau, or CFPB, has been a total disaster as run by the previous Administrations pick. “It appears that both Deputy Director English and OMB Director Mulvaney will walk in the door on Monday morning with the expectation of running the CFPB. The announcement was seen as a maneuver to delay a Trump administration takeover of the agency and a few hours later the White House named Mulvaney acting director.

Source: Washington Post November 25, 2017 17:12 UTC