Bloomberg Law reports that the White House is in the process of narrowing its nominees for the next CFPB director, with Mark Calabria and Rodney Hood among the frontrunners. The administration's direction has resulted in significant cutbacks to the CFPB's operations and staff, reflecting a strategic shift led by current acting director Russell Vought. Despite prior nomination efforts, like that of McKernan, Senate priorities have delayed confirmations, indicating challenges ahead in the future direction of the bureau amidst ongoing political dynamics.
Whomever is ultimately chosen will likely have limited room to maneuver under the direction of the White House, as the administration has significantly scaled back the CFPB's operations.
The administration has moved to significantly scale back the operations and focus of the CFPB, including by dismissing a majority of its staff and even shuttering offices.
Collection
[
|
...
]