by Jeff Sovern
The American Banker ran a story, Will Hensarling's next job be in Trump administration? on a variety of matters. As for Hensarling, the story reported speculation that he might be appointed to run the Federal Housing Finance Agency, which he might prefer to leading the CFPB:
"Running the CFPB is likely to be a giant headache for the first Republican director as Democrats have staffed up the agency and established its corporate culture," wrote [Cowen analyst Jaret] Seiberg.
The article also reported that "early front-runners" to chair the House Financial Services include "Chief Deputy Whip Patrick McHenry, R-N.C., Rep. Blaine Luetkemeyer, R-Mo., and Rep. Ed Royce, R-Calif." Luetkemeyer recently made headlines for chairing a hearing on reducing damages that consumers could win from credit bureaus the day the Equifax breach broke. Royce also had a bill considered at that hearing. Of course, if Democrats recapture the House in 2018, the chair of the committee will come from their ranks.
