Following Director Kraninger’s resignation yesterday, the White House announced that President Biden has appointed David Uejio to serve as Acting CFPB Director.

Mr. Uejio currently serves as the Bureau’s Chief Strategy Officer.  He has worked at the Bureau since 2012, previously having served as Acting Deputy Chief of Staff and Lead for Talent Acquisition.  Since these positions primarily involve providing internal counseling to Bureau leadership, it appears Mr. Uejio has not previously had an outward-facing role at the Bureau.

Mr. Uejio will serve as Acting Director until Rohit Chopra, President Biden’s nominee for Director, is confirmed by the Senate and sworn in.  It is very uncertain how long that process will take.  Because he has been nominated to serve as Director, the Federal Vacancies Reform Act does not allow Mr. Chopra to serve as Acting Director.