With the announcement of Richard Cordray’s resignation as Director of the federal Consumer Financial Protection Bureau (CFPB) by the end of November 2017, the latest D.C. guessing game is who will take over the helm of the CFPB. This simple question is really two questions. First, who will run the agency on an interim basis? Second, who will President Trump nominate to be the permanent Director, a position requiring Senate confirmation? This second question will likely be the subject of much political discussion and may not be answered for months.
To read more, please see GT Alert “Richard Cordray Resigns – Who’s going to mind the CFPB store?“