Article
Deputy Director Paoletta Assumes CFPB Acting Director Role
Mark Paoletta has assumed the role of Acting Director of the Consumer Financial Protection Bureau following Russell Vought's departure, a transition mandated by the Federal Vacancies Reform Act rather than policy considerations. As the Bureau continues operating under acting leadership, Brian Johnson's nomination for Senate-confirmed Director remains pending, with the confirmation process still underway and no vote scheduled.
Sheppard, Mullin, Richter & Hampton LLP