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CFPB director will resign
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Regulatory Updates
Wednesday, November 15, 2017
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Speculation was that Richard Cordray wouldn’t be in his role as the Consumer Financial Protection Bureau director in November 2017. When President Donald Trump took office, many expected his first move would be to fire Cordray.
Then the rumors picked up in the summer that Cordray would resign over Labor Day weekend to announce a bid for the Ohio governor’s role. That, too, didn’t materialize.
On Wednesday, however, the news came down that Cordray told his staff he would step down by the end of November. Read on for more about the move and initial industry reaction.
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