The leadership of the Consumer Financial Protection Bureau remains under a cloud of uncertainty despite another Trump administration victory in the legal battle over who should be the agency's acting director.
A federal judge on Wednesday denied a request for a preliminary injunction to remove President Trump's appointee for the temporary job, White House Budget Director Mick Mulvaney.
Only a permanent director, confirmed by the Senate, would definitively resolve the leadership dispute in the near term, said Alan S. Kaplinsky, head of the consumer financial services group at law firm Ballard Spahr.
"The law is clear: President Trump may not circumvent the Senate confirmation process by installing his White House budget director to run the CFPB part time," Gupta said on Twitter.
McWatters, a Republican, has the support of CFPB critic Rep. Jeb Hensarling (R-Texas), the powerful chairman of the House Financial Services Committee for whom he once worked as legal counsel.
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