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The laws that will determine who will lead the CFPB

Mick Mulvaney's first day of work at the CFPB. Photo: Jacquelyn Martin / AP

On the first day of work at the Consumer Financial Protection Bureau after former director Richard Cordray stepped down, two people showed up to lead the agency: White House budget director Mick Mulvaney, President Trump's appointee for acting director, and the CFPB's deputy director Leandra English, Cordray's pick.

The big picture: The CFPB's General Counsel has said she acknowledges Mulvaney's authority, but it is still unclear who will ultimately lead the agency. Neither Mulvaney nor English have backed down, and both sent introductory emails to staff Monday morning.