Who will be the next nominee for CFPB director–and does it matter?

In his Bloomberg Law article, Trump’s Eventual CFPB Pick Will Work in White House’s Shadow, Evan Weinberger reports that “Mark Calabria, an Office of Management and Budget official currently detailed to the CFPB and former director of the Federal Housing Finance Agency, and acting Comptroller of the Currency Rodney Hood” are under consideration. But Weinberger also observes that the White House, in the form of OMB director Russell Vought, is likely to call the shots at the CFPB during the Trump administration and that in any event the Bureau won’t have much in the way of resources to work with. For the time being, the federal government is largely out of the consumer protection business.