The Consumer Financial Protection Bureau (CFPB) has appointed Brian Johnson as acting deputy director, the agency announced on Monday. Johnson was the Bureau’s principal policy director.
“Brian Johnson is the first person I hired at the Bureau and has been an indispensable advisor,” said Mick Mulvaney, acting director of the organization, in a statement. “Brian knows the Bureau like the back of his hand. He approaches his role as a public servant with humility and unsurpassed dedication. His steady character, work ethic and commitment to free markets and consumer choice make him exactly what our country needs at this agency.”
The announcement comes days after the departure of Leandra English, who was chosen as deputy director by Richard Cordray upon his resignation. Her appointment was met with opposition from President Trump, who chose Office of Management and Budget (OMB) Director Mulvaney for the post. The conflict generated internal strife, with both reporting to work, and English filing suit. On Friday, she announced she is ceasing litigation, and leaving the organization.
“I will be stepping down from my position at the Consumer Financial Protection Bureau early next week, having made this decision in light of the recent nomination of a new director,” said English in a statement.
Kathy Kraninger, OMB deputy, has been nominated by President Trump to assume the director role, succeeding Mulvaney, whose term is up. Mulvaney will continue on as director until Kraninger’s confirmation by the Senate.
After Kraninger’s nomination, National Association of REALTORS® (NAR) President Elizabeth Mendenhall released a statement:
“In addition to working at the Office of Management and Budget alongside Bureau of Consumer Financial Protection Acting Director Mick Mulvaney, Kathy Kraninger has decades of experience on Capitol Hill and with previous administrations. The National Association of REALTORS® wishes Ms. Kraninger well during the confirmation process and look forward to working with the Bureau going forward.”
This article has been updated.
For the latest real estate news and trends, bookmark RISMedia.com.
