Fannie Mae-No Politics (FNMA)

[RickNagra]

After reading this for sure Biden will replace Calabria. Unless of course if this upcoming Supreme Court case December 9 is either cancelled or settled.

President-elect Joe Biden is creating transition teams as he prepares for Inauguration Day in January, and there is a very familiar name at the top of the transition team for the Consumer Financial Protection Bureau: Leandra English, the hand-picked successor of former CFPB Director Richard Cordray.

Thanks to a Supreme Court decision passed (and fought for) by President Donald Trump’s administration, a new CFPB director is widely expected to be one of the early actions Biden will make once in office.

Just before Cordray stepped down in November 2017, he promoted English from chief of staff to deputy director, positioning her to take over as acting director upon Cordray’s departure. But the Trump administration fought back against Cordray’s choice and installed former Acting Director Mick Mulvaney.

That set off a legal battle over who was really in charge of the CFPB, and U.S. District Judge Timothy Kelly sided with Trump, handing control of the bureau to Mulvaney. English didn’t stop there, and took her case to the U.S. Court of Appeals for the District of Columbia Circuit, which in early 2018, agreed to hear her case on an expedited basis.

But once Trump tapped Kathy Kraninger to serve as Cordray’s permanent replacement as CFPB director, English ended her fight over who’s truly in charge of the CFPB and left the agency altogether.

Now, that fight has come full circle as Biden sets up English as the head of his CFPB transition team, and will likely call on her as the next leader of the agency.