Issa tamps down rumors of consumer bureau nomination

Issa tamps down rumors of consumer bureau nomination
© Greg Nash

Rep. Darrell IssaDarrell Edward IssaThe Hill's 12:30 Report On The Money: New York AG sues to dissolve Trump Foundation | Issa tamps down rumors of consumer agency nomination | Bank regulator faces backlash over comments on racism | Cohn contradicts Trump on trade Issa tamps down rumors of consumer bureau nomination MORE (R-Calif.) on Thursday poured cold water on rumors that President TrumpDonald John TrumpConservatives express concern over House GOP immigration bill Poll: McSally holds 14-point lead in Arizona GOP Senate primary Trump defends Nielsen amid criticism over family separations MORE would nominate him to be the next director of the Consumer Financial Protection Bureau (CFPB).

Issa, who is retiring after this year, told The Hill that he’s not currently speaking with the White House about the position and "have not been contacted as currently in line for it."

“I think it's a wonderful story but I'm not currently having discussions with the White House on it,” Issa said. 

The former House Oversight Committee chairman declined to say whether he’s discussed the position with Trump before, but said he would consider taking a role in the Trump administration. 

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"Discussions I may have had on anything in general, I'm not at liberty to say," Issa said. “The administration has a lot of positions and I could be potentially be open to one, but like I say, we're not talking."

Bloomberg reported Wednesday that Issa had emerged as a potential CFPB director nominee.

Trump is reportedly also considering National Credit Union Administration Chairman Mark McWatters and George Mason University law professor Todd Zywicki to lead the CFPB.

The bureau, created by the Dodd-Frank Act to police predatory lending, is currently under the interim control of White House budget director Mick MulvaneyJohn (Mick) Michael MulvaneyConsumer watchdog agency needs to get back to doing its job The Hill's Morning Report — Sponsored by PhRMA — Defiant Trump meets with House GOP amid border blowback Trump plan to claw back billion in spending in peril MORE. Trump appointed Mulvaney as acting CFPB director in November after the bureau’s previous chief, Richard CordrayRichard Adams CordrayTrump surprises with consumer agency pick Trump nominates budget official Kraninger to lead consumer bureau Trump to nominate budget official as next consumer bureau chief MORE, resigned to run for governor of Ohio.

Mulvaney’s term as acting director ends June 22, and he would be forced to vacate the position if Trump does not nominate a permanent director. Mulvaney would be able to stay at the CFPB until the confirmation of his successor if a nominee is named before that date.