by Jeff Sovern
The new chief of staff for the CFPB will be Kirsten Sutton Mork, a longtime aide for House Financial Services Chair Jeb Hensarling, according to Mr. Hensarling. Chief of staff is the position formerly held by Leandra English, who is locked in a battle with Mulvaney to be acting director of the Bureau. Hensarling has been a huge critic of the Bureau, and this is the second of his aides to join the CFPB under Mulvaney. Though as someone subject to the optimism bias, I still hope that the new Bureau leadership will understand the value of consumer protection once they learn more about it at the Bureau, this does not bode well for that dream.