The Bureau of Consumer Financial Protection will be under the direction of which entity?

• A. A Director appointed by the President with advice and consent of the Senate
• B. A Board of Directors
• C. The Secretary of the Treasury
• D. An independent council

Answer: (A)

The leadership structure being tested is that the Bureau is led by a single Director who is appointed by the President and confirmed by the Senate. This arrangement means the agency’s head is appointed through the standard executive nomination process, providing presidential accountability and Senate checks. It is not run by a board of directors, nor is it overseen by the Secretary of the Treasury or by an independent council. This design, established by the Dodd-Frank Act, gives the Bureau centralized, executive-directed leadership focused on consumer financial protection while ensuring there is formal approval from Congress.