WASHINGTON–The White House next week is expected to put forward a nomination for a full-time director of the Bureau of Consumer Financial Protection. If no one is nominated, Acting Director Mick Mulvaney would need to leave the post by June 22.
But if a nominee is put forward, Mulvaney, who also serves as director of the Office of Management & Budget, can remain in the role as long as the nomination remains pending in the Senate.
Mulvaney told reporters earlier this week that he expects a nomination by the middle of next week. Moreover, the law states that if the president’s first nomination is rejected, withdrawn, or returned by the Senate, the acting officer can continue to serve for no more than 210 days after the date of the rejection, withdrawal or return.
NCUA Chairman J. Mark McWatters had been rumored to be among the candidates for the post, but other reports have suggested McWatters is no longer in the running.
Bloomberg reported that candidates for the position now include Todd J. Zywicki, a professor at the Antonin Scalia Law School at George Mason University; Republican Rodney Hood, a former NCUA board member who has also been mentioned as a potential nominee for the NCUA board, and retiring Rep. Darrell Issa (R-CA.) Issa, however, was among those who called for an independent investigation of possible ties between the Trump campaign and Russia and is considered unlikely to be nominated by Trump.