American Banker’s Kate Berry reports Rohit Chopra could be acting CFPB while his confirmation is pending.

Here. Excerpt:

Chopra is expected to be installed as the CFPB’s acting director while he waits for a quick Senate confirmation, experts said. Because Chopra is currently a commissioner at the Federal Trade Commission and therefore is already Senate-confirmed, Biden can install him as the acting director * * *

“He is already Senate-confirmed so they can have him installed on day one as interim director without any challenges in order for a smooth transition,” said Jenny Lee, a partner at the law firm Arent Fox and a former CFPB enforcement attorney.

Though CFPB Director Kathy Kraninger’s term expires in 2023, the Supreme Court ruled in June that the president can fire a CFPB director for any reason. It is unclear if Kraninger plans to resign before the inauguration or will be fired.

Some Republicans suggest that the Federal Vacancies Reform Act — which gives presidents latitude to make appointments — does not cover vacancies created by firings.

“Assuming Kraninger does not invoke the Vacancies Act, there’s nothing to stop Rohit from being both acting director and then permanent director,” Lee said.

Democrats are giving little credence to the idea that Biden can fire Kraninger but then not name her replacement.

UPDATE: Ballard Spahr's Chris Willis believes Chopra cannot serve as full-time director after serving as acting director.

0 thoughts on “American Banker’s Kate Berry reports Rohit Chopra could be acting CFPB while his confirmation is pending.

  1. michael emancipator says:

    Hi Jeff – having Chopra sit as acting while awaiting senate confirmation makes logical sense, but CRS periodically drafts an analysis of FVRA [ The report suggests that what Biden is reportedly considering might not be permitted. The relevant portion is found on page 11, “As a general rule, if the President nominates a person to the vacant position, that person “may not serve as an acting officer” for that position. Thus, if the President nominates a person who is currently the acting officer for that position, that person usually may not continue to serve as acting officer without violating the Vacancies Act.” Citations reference NLRB v. SW Gen., Inc., 137 S. Ct. 929, 935 (2017).
    I think Chopra will still get confirmed, but Biden might have to select someone else as acting, for the time-being.
    Long time reader, first time commenter – Michael

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