President Donald Trump has assigned Mick Mulvaney, director of the Office of Management and Budget, as acting director of the Consumer Financial Protection Bureau.
The White House said Friday Mulvaney will lead CFPB until a permanent director is appointed.
Mulvaney obtained Senate approval to become OMB director in February after serving as the congressman of the 5th district of South Carolina.
He was elected to the House of Representatives in 2010 and was a member of the Budget Committee, Joint Economic Committee, Small Business Committee, Financial Services Committee and the Oversight and Government Reform Committee.
Mulvaney previously practiced law; founded his own firm; ran a family real estate business; opened a small homebuilding company; and served as a minority shareholder in a family restaurant franchise.