Will likely end up before the Supreme Court.
Read The Opinion Giving Trump Power To Take Over Liberals Favorite Agency
"The Department of Justice’s Office of Legal Counsel (OLC) released an opinion Saturday identifying President Donald Trump’s legal authority to name an interim director of the Consumer Financial Protection Bureau (CFPB), after the Obama-era director designated his own successor when he resigned last week.
Former director Richard Cordray’s resignation set off a major conflict over the agency’s power, long a source of Republican frustration. The CFPB is the brain child of Democratic Sen. Elizabeth Warren of Massachusetts
The Office of Legal Counsel, a division of DOJ which advises the president and other executive branch officers on the scope of executive power, produced an opinion advising that Trump has power to designate an acting director under the Federal Vacancies Reform Act (FVRA), even though the law that chartered the CFPB contains a succession provision allowing the agency’s deputy director to assume the directorship if the post is vacant.
“As we have advised in our prior opinions, even when the Vacancies Reform Act is not the ‘exclusive’ means for filling a vacancy, the statute remains an available option, and the president may rely upon it in designating an acting official in a manner that differs from the order of succession otherwise provided by an office-specific statute,” OLC’s memo reads. ......"
http://dailycaller.com/2017/11/26/read-the-opinion-giving-trump-power-to-take-over-liberals-favorite-agency/