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President Trump Set to Select New Director of BCFP
Thursday, June 14, 2018 6:50 AM

President Trump will announce his selection of a permanent director for the Bureau of Consumer Financial Protection next week, days before Acting Director Mick Mulvaney’s temporary appointment lapses unless someone is nominated.

Mulvaney said Tuesday that Trump will announce his selection mid-to-late week. Under federal law, Mulvaney’s term as BCFP acting director expires June 22, unless a nomination is pending in the Senate. Mulvaney would be able to serve until a nominee is confirmed, but the nomination and Mulvaney’s term as acting director will expire at year's end.

NCUA Chairman J. Mark McWatters, who had been mentioned as a potential candidate for the job, is out of the running and will remain on the NCUA board.

According to CU Times and Bloomberg, other potential candidates for the BCFP leadership role include Todd J. Zywicki, a professor at the Antonin Scalia Law School at George Mason University; Republican Rodney Hood, a former NCUA board member; and retiring Rep. Darrell Issa (R-Calif.) whose odds are diminished due to his being was one of the first House Republicans to call for an independent investigation of possible ties between the Trump campaign and Russia.