CFPB’s English Resigns, Ends Leadership Challenge

Consumer Financial Protection Bureau Deputy Director Leandra English will step down from the Bureau and no longer challenge Acting Director Mick Mulvaney for leadership of the Bureau, according to reports Friday. President Donald Trump nominated White House budget official Kathy Kraninger to lead the Bureau in June.

“We’re pleased to see this period of uncertainty at the Bureau come to an end, and we look forward to continued engagement with Acting Director Mulvaney and his potential successor Kathy Kraninger,” said CUNA President/CEO Jim Nussle. “CUNA maintains that a bipartisan, multi-member commission leading the Bureau would ensure transparency and consistency that the financial services industry needs.”