Senator Warren Statement on New Trump CFPB Nominee
Washington, DC - U.S. Senator Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, released the following statement on President Trump’s nomination of Stuart Levenbach to be Director of the Consumer Financial Protection Bureau (CFPB):
“Donald Trump’s sending the Senate a new nominee to lead the CFPB looks like nothing more than a front for Russ Vought to stay on as Acting Director indefinitely as he tries to illegally close down the agency. Instead of doing everything in their power to lower costs for Americans, Trump and Vought want to make it easier for giant corporations to scam families out of their money.”
Background: Under the Federal Vacancies Reform Act, a person generally may serve as the acting head of an agency for only 210 days when the role is subject to presidential appointment and Senate confirmation. That time is extended if the President nominates another person for the position – which the President has done three weeks before Vought’s 210 days are up.
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