The primary sponsors of the Dodd-Frank Act said Thursday that President Trump did not have the power to appoint an interim CFPB director—making the appointment of Mick Mulvaney illegal.
"He cannot simply appoint someone to run the agency" until someone is nominated on a permanent basis, former Rep. Barney Frank (D-Mass.) told reporters.
Frank and former Sen. Christopher Dodd (D-Conn.) said that Dodd-Frank established a process for the selection of an interim director. The law, they said, authorizes the agency director to appoint an interim director when the director is not available.
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