New York – President Trump nominated Stuart Levenbach as the next director of the Consumer Financial Protection Bureau, choosing a person who has no banking or financial services experience to run a bureau that has been effectively inoperable since Trump was sworn into office.

Levenbach is currently an associate director inside the Office of Management and Budget, handling issues related to natural resources, energy, science and water issues. Levenbach's resume shows significant experience dealing with science and natural resources issues, acting as chief of staff of the National Oceanic and Atmospheric Administration during Trump's first term.

The CFPB has been nonfunctional much of the year. Many of its employees have been ordered not to work, and the only major work the bureau is doi

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