Budget Director Mick Mulvaney has proven he is capable of taking on the most difficult tasks when asked to do so by the president. While putting together the federal budget he has multi-tasked by also serving as the acting director of the CFPB. In that position he has moved the agency forward with positive and needed changes. His accomplishments in both arenas lend credence to the saying, "If you want something done, give it to a busy person to do it."

Director Mulvaney has been able to serve as head of the CFPB because of a federal statute that allows the president to appoint a Senate-confirmed individual to temporarily assume a position when the head of an agency has left. Such an appointment has a limited term and the end of that term is fast approaching. Mulvaney has put the CFPB on its proper course but now it's time for a change.

Now is the time for President Trump to complete another step in his overhaul of the financial services regulatory system. He needs to nominate someone who can continue to move forward the progressive agenda Director Mulvaney has put in place. The best person is someone already under consideration and very capable to lead the CFPB.