CFPB announces new chief of staff, other senior leadership

Legal Times reports that the CFPB announced today its picks for several senior leadership jobs, including the promotion of principal deputy general counsel Meredith Fuchs to the agency's chief of staff. The agency also announced a new principal deputy general counsel to fill Fuch's old position (former deputy general counsel Roberto Gonzalez), assistant director for legislative affairs (Lisa Konwinski), and assistant director for intergovernmental and international affairs (Nicholas Rathod). The only thing it's missing now is a director.

Comments

[Jeff Sovern]

Jason, as I understand it, until a director is confirmed, the Bureau can't issue any regulations or regulate non-bank financial institutions, such as payday lenders.

[Jason Kilborn]

I'm confused about the pressing need for a director. I've heard a number of times that the CFPB is prevented from doing *something* (I'm not sure exactly what) until it has a director. Can you explain, either in the comments or better yet in a separate post, what the CFPB *can't* do without a director, and perhaps what it *can* do even if no director is confirmed, which seems likely to persist for the foreseeable future. Thanks!