Trump to withdraw the candidate to lead the consumer office

President Trump is planning to drop his candidacy for Jonathan Makahnan to lead the Consumer Protection Office, leaving the agency in the hands of a temporary manager where Mr. Trump officials are working on the channel.

The Treasury said on Friday that the president is planning instead to nominate Mr. Micahnan to serve as the Minister of Finance of the Local Ministry. Mr. Mckernan was nominated in February to work as a director of the Consumer Office and witnessed this month in a confirmation session before the Senate Banking Committee. His candidacy was approved by the committee, but it has not yet been taken by the full Senate.

A White House actor said that the president intends to cancel this nomination and instead made Mr. Micahnan fill the role of the treasury.

Russell T -Feon, director of the White House budget office, has been the director of acting at the Consumer Office since early February. He freezes most of the agency’s operations and sought to launch 90 percent of its employees – a step that federal courts were temporarily banned. A committee of three judges from the American Court of Appeal is scheduled to hear the oral arguments for this case next week.

Also on Friday, the Consumer Office issued Official notice It is intended to withdraw more than 60 policy data and steering documents. In the notification, Mr. Fior said that doing this will serve the public interest by limiting the demands of compliance with the companies organized by the office.

Banking trade groups praised the cleansing of the guidance, while consumer advocates responded to a warning.

The best market, a group of supporting, preferred to supervise the financial industry, said that the move of Mr. Fior was probably a first step in dismantling the agency Consumer complaints databaseWhich helps people follow up on companies against financial conflicts. Consumers have collected hundreds of millions of dollars of recovered amounts and other relief in response to complaints submitted to the consumer office.

“This is a calculated demolition of tools that consumers and preachers rely on protecting themselves from financial abuse,” said Brady Williams, a lawyer for better markets.

The American Banking Association said it was a pleasure that the agency would see greatly directed. The banking group said that these documents were aimed at helping companies understand how the agency explained the various laws, but the consumer office often used as a form of making the rules of stealing.

“This misuse of guidance creates unnecessary confusion for organized entities,” said Rob Nichols, the group’s CEO. “We hope today’s work is a turning point.”