More on the Possiblity of Neugebauer Replacing CFPP Director Cordray

From HuffPo. Excerpt:

Trump met with former Rep. Randy Neugebauer (R-Texas) on Wednesday and is considering Neugebauer to run the CFPB, Trump spokesman Sean Spicer confirmed on a Thursday call with reporters.

A source close to the transition team told HuffPost that Neugebauer has yet to be offered the job, but that no other candidates are being looked at yet. * * *

When he was in Congress, Neugebauer opposed CFPB actions like the first-ever federal rule cracking down on payday loans. He labeled the agency’s effort to require payday lenders to take basic steps to ensure consumers can pay back their loans and not get trapped in a cycle of debt as a “paternalistic erosion of consumer product choices.”

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