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Confusion about the double appointment in the office of the financial consumer in the USA.

The US Office of Consumer Financial Protection (CFPB) entity, amid the confusion and arguments faced over who should take the leadership.

Washington, November 25 (EFE) .- The Office of Consumer Financial Protection (CFPB, in English) by the outgoing head of the entity, amid the confusion and arguments faced over who should take the leadership.

The CFPB, an independent agency created from the reform The financial proposal promulgated by former President Barack Obama has been accused by Trump and the Republicans in Congress of having excessive power and of restraining the financial sector with a great deal of regulatory burden.

This Friday, CFPB's first and only director, Democrat Richard Cordray, announced that he was leaving office immediately rather than at the end of the month as he had anticipated and promoted his chief of staff, Leandra English, to deputy director of the agency.

The Dodd-Frank Act of 2010, the basis of Obama's financial reform, stipulates that the Deputy Director of the CFPB act as interim head of the entity until the president designates a person to occupy the position permanently and the Senate will confirm it.

But Trump, in a statement late on Friday appointed the current head of the White House Budget Office, Mick Mulvaney, to be the interim director of the CFPB.

Mulvaney has The CFPB has been openly criticized and the Democrats maintain that Trump clearly seeks with this appointment to remove power and independence from the entity.

For its part, officials of the House Blanca defended today in a telephone call with journalists the legal authority of Trump to appoint an interim director for the CFPB, protected by the Federal Vacancies Act of 1998, until that the Senate confirm a new boss.

The CFPB was created to increase the supervision of financial institutions in mortgages and credit cards, among other financial products, and protect consumers after the abuses prior to the outbreak of the 2008 economic crisis.

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