CFPB names another acting deputy director

The recent bond market volatility already prompted fannie mae to revise its outlook for mortgage rates, while housing experts are also concerned about how recent. 10-year market and the secondary market as well," Weinberg said.. loan size and credit score," said Fannie Mae Deputy Chief.

No. The law is clear, and Mr. Mulvaney is the sole acting director of the CFPB. The Dodd-Frank Act did specifically create the office of deputy director. And the statute states (in Section 1011(b)(5)) that the deputy director "shall- (A) be appointed by the Director; and (B) serve as acting Director in the absence or unavailability of the Director." But another federal law also addresses authority to fill vacant positions on a temporary basis-the Federal Vacancies Reform Act, enacted.

 · To replace Antonakes, the CFPB named Meredith Fuchs to serve as Acting Deputy Director. Now, six months later, the CFPB has made yet another change to its Acting Deputy Director.

Housing Prices Post Record Decline in Q2 Growth in the quarter was bolstered by a pre-election spurt in government spending combined with modest gains in household spending and home building. That helped offset another steep decline in.

A recent speech by acting deputy director, Brian Johnson, makes the. to be the next director of the Consumer Financial Protection Bureau.. and other critics, and the Senate vote was along strict party lines.. to control prices, and to design standardized mortgages in the name of protecting consumers.

Thus, the absence of any express language giving the CFPB Deputy Director authority to serve as Acting Director when there is a "vacancy" in the office of CFPB Director or when such office is.

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David Silberman Named Acting Deputy Director of the CFPB. The Consumer Financial Protection Bureau is a 21st century agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules, and by empowering consumers to take more control over their economic lives. For more information, visit

Kathleen Kraninger (LAW '07) was confirmed as the new director of the. which had simultaneously appointed mulvaney as acting director of the CFPB.. a clerk for the Senate Committee on Appropriations and as deputy assistant. the name of the CFPB to the Bureau of Consumer Financial Protection.

McLeod, CFPB’s general counsel, sent to the senior leadership of the agency on Saturday, arguing that Trump has the authority to name the acting. Mulvaney would be the acting director, while.