The Consumer Financial Protection Bureau is not expected to be in a “holding pattern” in the long term, following the acting director leadership showdown, said Lucy Morris, partner in the Washington, D.C., office of Hudson Cook LLC.
“I don’t think things will stop, but I do think there will be a pause and a slowdown,” Morris said during Episode 4 of The Auto Finance Roadmap.
After Director Richard Cordray announced his resignation from the bureau, he appointed Chief of Staff Leandra English as the agency’s interim head. However, shortly before Cordray’s appointment, President Donald Trump named Mulvaney to the position — spurring confusion surrounding the future of the CFPB and its leadership.
