Trump appointed White House budget chief Mick Mulvaney on Friday to head the bureau just hours prior to the resignation of former director Richard Cordray. The move superseded Corday’s hand-selected pick for a temporary successor, Deputy Director Leandra English.
President Trump later defended his decision, calling the agency a “total disaster” under officials from the Obama administration.
“The Consumer Financial Protection Bureau, or CFPB, has been a total disaster as run by the previous Administrations pick,” Trump tweeted. “Financial Institutions have been devastated and unable to properly serve the public. We will bring it back to life!”
Read more at The Hill.