Two CFPB critics appointed leadership roles at the desk
Vought is now the confirmed head of the Office of Management and Budget (OMB) and the acting head of the CFPB until Jonathan Mckernan is confirmed by the Senate. The appointment of Clark comes in a tumultuous time for the agency, whose employees have been ordered by moving in order not to work in what capacity.
Voughte also tried to close the financing of the office, but brought a lawsuit by the City of Baltimore and the Economic Action Maryland Fund (EAMF), which was submitted on 12 February, has achieved that effort. On February 13, the claimants and defendants in the lawsuit submitted a joint motion stating that they agreed to a provisional order for some efforts of the CFPB or to disrupt the financing or close the department. The order will be on 28 February.
In a separate court case at the end of last week, a federal court of the district court forbade the office to temporarily take more staff at the earliest at the earliest. Judge Amy Berman Jackson of the court has also excluded the CFPB from “removing” data or “deleting” and transferring money in its reserve fund.
Housingwire looked at the record of McKernan and what kind of agency he might lead.
See here for a complete timeline of what happened on the CFPB since the inauguration of Trump.
