Acting CFPB Director Uejio to Be Nominated for New Job

President Biden last week announced his intention to nominate Acting Consumer Financial Protection Bureau Director Dave Uejio to a key position at the Department of Housing and Urban Development.

If confirmed by the Senate, Uejio would become HUD’s assistant secretary for fair housing and equal opportunity.

Uejio has served as the CFPB’s acting director since President Biden took office. Former CFPB Director Kathleen Kraninger resigned at that time.

Biden has nominated Federal Trade Commission Commissioner Rohit Chopra to head the CFPB, but Chopra has not yet been confirmed by the Senate. The choice has proven to be controversial, with some Republicans expressing concern that Chopra would return to the strict regulatory regime of the Obama Administration.

The Senate Banking Committee deadlocked on the nomination, voting 12-12 on the choice. The nomination could still come to the Senate floor, but that vote has not yet been scheduled.

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