Mick Mulvaney may serve as the acting director of the CFPB, a federal judge ruled Tuesday evening.

Mulvaney, the director of the Office of Management and Budget, was President Trump's choice to run the agency following the resignation of Director Richard Cordray.

Cordray had tried to install agency Deputy Director Leandra English as acting director before he resigned—citing a section of Dodd-Frank that says the deputy serves when the director is absent or unavailable.

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