Major news outlets have reported that President Trump intends to choose current Office of Management and Budget Director Mick Mulvaney as acting director of the CFPB upon Richard Cordray’s departure as chief of the consumer bureau. Attorneys with the Buckley Sandler law firm in Washington, DC, said in an online blog post that Mulvaney, a former Republican member of the House from South Carolina, would keep his current position and serve as both the director of OMB and acting director until the president nominates and the Senate confirms a permanent replacement for Cordray. Mulvaney, a long-time critic of the bureau, would be able to step into the acting director position since he has already passed muster with the Senate. As ...