Time is running out on Mick Mulvaney's tenure as acting head of the Consumer Financial Protection Bureau, but there's an easy way for the White House to extend his tenure: Nominate somebody — anybody — else to permanently fill the job.

But Mulvaney could stay in the position for months more — to the delight of banks and frustration of consumer advocates — if Trump simply nominates someone to be the permanent director.

"I'm sure they want to keep Mulvaney there and they do have to nominate somebody," said Alan S. Kaplinsky, head of the consumer financial services group at law firm Ballard Spahr.

"It doesn't necessarily mean the nominee has to get confirmed," said Kaplinsky, who counsels banks on consumer financial regulatory matters.

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