President Donald Trump is allowed to appoint budget director Mick Mulvaney as head of the Consumer Financial Protection Bureau, according to the Justice Department's Office of Legal Counsel.
Several Democratic lawmakers had contented that the 2010 Dodd-Frank Act would mean that the CFPB's deputy director would serve as the agency's interim leader in the wake of Richard Cordray's resignation.
Matt House, spokesman for Senate Minority Leader Chuck Schumer told The Intercept that it's Schumer's view that the deputy director would lead the agency instead of Trump's pick. “And we've been in conversations with the offices of Sens. Brown and Warren on exploring ways to ensure the line of succession, as drawn up in law, is adhered to.”