Mark Paoletta, the chief legal officer at the Consumer Financial Protection Bureau (CFPB), has been selected as agency’s deputy director, which puts him in line to succeed Acting Director Russ Vought.
According to a Bloomberg report, Vought’s term as acting director expires Aug. 1. Under federal law, an Executive Branch agency can only be run by an acting director for 210 days. But the Federal Vacancies Reform Act allows a top deputy or other senior official to serve as acting director until a full-time agency head is confirmed by the Senate.
Paoletta is also general counsel at the Office of Management and Budget, where Vought serves as director. Bloomberg also reported that Geoffrey Gradler, who has served as the CFPB’s deputy director, is now the CFPB’s chief of staff.
Neither the CFPB nor the White House has issued an official announcement on these changes. The CFPB has not had a full-time director since the Trump administration returned to the White House.
Photo: Mark Paoletta
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