President-elect Donald Trump met with former Rep. Randy Neugebauer (R-Texas) and is considering him to replace Richard Cordray as director of the Consumer Financial Protection Bureau (CFPB), Trump spokesman Sean Spicer confirmed during a conference call with reporters.
As a member of Congress, Neugebauer was vocal in his criticism of the CFPB’s actions and its structure. He has expressed support for Rep. Jeb Hensarling’s (R-Texas) Financial Choice Act, which includes provisions to reform the bureau’s leadership structure and undo multiple rules enacted by the bureau. Read on to learn more about Neugebauer’s stances related to Dodd-Frank and the CFPB.