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WSJ: Mnuchin preferred former OneWest Bank vice chair as CFPB head

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WSJ: Mnuchin preferred former OneWest Bank vice chair as CFPB head

U.S. Treasury Secretary Steven Mnuchin favored Brian Brooks to be the acting director of the Consumer Financial Protection Bureau, The Wall Street Journal reported Dec. 21, citing "people familiar with the matter."

The position ultimately went to Mick Mulvaney, who is the director of the White House Office of Management and Budget.

Brooks, who previously was vice chairman of OneWest Bank Group LLC, is now the general counsel of Fannie Mae, the publication wrote.

Mnuchin was reportedly looking for a candidate that would gradually reduce regulatory burden, according to the Journal. He also considered former Acting Comptroller Keith Noreika, as well as Jeremiah Buckley and Andrew Sandler, both of whom worked for law firm Buckley Sandler.