Trump eyes former Rep. Randy Neugebauer to eventually lead CFPB

The uncertain future of Consumer Financial Protection Bureau Director Richard Cordray isn’t stopping President-elect Donald Trump from weighing his options for a future director to oversee the financial regulator.

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, according to an article in The Huffington Post by Ben Walsh and Ryan Grim.

The article noted that 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.

Neugebauer’s ties to the CFPB go way back, and he was one of the original proponents against the unusual power of the CFPB.

Read on.

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