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Trump names White House budget director Mulvaney acting head of consumer agency

Reuters

WASHINGTON (Reuters) - U.S. President Donald Trump has designated White House Budget Director Mick Mulvaney to be acting director of the Consumer Financial Protection Bureau until a permanent director is nominated and confirmed, the White House said on Friday.

The six-year-old bureau, which has been controversial since its creation, had been led by Richard Cordray, who formally resigned on Friday.

(Reporting by Makini Brice)