WASHINGTON (Reuters) -The U.S. administration has nominated Stuart Levenbach to be director of the Consumer Financial Protection Bureau for a five-year term, according to a notice provided to the Senate.
President Donald Trump and Russell Vought, director of the Office of Management and Budget, have called for the elimination of the CFPB, the federal consumer finance watchdog. Vought is also acting director of the CFPB.
Levenbach was appointed associate director for natural resources, energy, science and water at the OMB after Trump took office this year. His CFPB nomination was received in the Senate on Tuesday.
Senator Elizabeth Warren, a Democrat who is considered the architect of the CFPB, said Levenbach’s nomination looked like “a front for Russ Vought to stay on as acting director

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