The White House has nominated a new director for the Consumer Financial Protection Bureau (CFPB), a move that is seen as a tactical effort to prolong Russell T. Vought’s tenure as acting director. This nomination coincides with ongoing efforts to shut down the agency.
Russell T. Vought, the director of the Office of Management and Budget, has also served as acting director of the CFPB since February. His continued role is viewed as part of a broader strategy to reduce the agency’s influence and potentially restructure its operations.