President Donald Trump has submitted to the Senate the nomination of Stuart Levenbach, an associate director at the White House Office of Management and Budget  (OMB), to serve as director of the Consumer Financial Protection Bureau (CFPB).

While some observers said the nomination comes at a “critical time” for consumers, others  see the move as an effort to allow Russell Vought to remain as acting director of the CFPB — an agency that has been significantly weakened during the Trump administration — for a longer period.

“Donald Trump’s sending the Senate a new nominee to lead details ⇒

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