Mulvaney Named White House Acting Chief of Staff

On Friday, President Donald Trump announced that Mick Mulvaney will serve as the White House Acting Chief of Staff, replacing John Kelly. This announcement came within a week of Mulvaney stepping away from his role as Acting Director of the Bureau of Consumer Financial Protection (BCFP or Bureau) after the Bureau’s new permanent director was confirmed.

Mulvaney served as the Bureau's Acting Director for a little over a year following the resignation of Former Director Richard Cordray in November 2017. Cordray ran for governor of Ohio following his departure, but was not elected. On December 6, 2018, the Senate confirmed Kathy Kraninger as the new Director of the Bureau and was sworn into the role on the following Monday.

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After stepping into the Acting Director role at the BCFP, Mulvaney wasted no time and immediately initiated a comprehensive review of the Bureau's functions. Over the past year, the Bureau issued several Requests for Information on various topics such as its investigative and supervision processes, the controversial complaints portal, and the rulemaking process. While the industry waits to see what Director Kraninger will do with the information gathered, Mulvaney will watch from afar as he steps into his new role at the White House.