CFPB Director Richard Cordray just told off the House Financial Services Committee

CFPB Director Richard Cordray just told off the House Financial Services Committee

Today, Financial Services Committee Democrats, led by Congresswoman Maxine Waters (D-CA), demanded that President-elect Donald Trump reject any attempts to deregulate Wall Street by removing the Director of the Consumer financial protection bureau (CFPB), Richard Cordray, prior to the expiration of his term in July 2018.

Another source confirmed industry rumors that Consumer Financial Protection Bureau Director Richard Cordray will run for Ohio governor despite the fact that he has not publicly announced the decision.

Cordray helped set up the bureau, which was created by the Dodd-Frank Act. He was confirmed as director in 2013. "As I have said many times, but feel just as much today as I ever have, it has been a joy of my life to have the opportunity to serve our country as the first director of the Consumer Bureau," Cordray said.

Richard Cordray, the Obama-era director of the Consumer Financial Protection Bureau, announced Wednesday he plans to resign by the end of the month, before his regular term expires.

6 days ago. We need a government that works not just for the wealthy and. Protection Bureau (CFPB) while Richard Cordray-the eventual director-went through. agency were a surprising mix of people from financial-services firms like. Committee and help recapture the Senate while retaining the House in 2020.

Cordray to leave CFPB by end of month. Richard Hunt, president and CEO of the Consumer Bankers Association, said in a statment: "Congress should use this vacancy as an opportunity to establish a bipartisan, Senate-confirmed commission to uphold the Bureau’s important mission of consumer protection for the long-term.

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Richard Adams Cordray (born May 3, 1959) is an American lawyer and politician who served as the first Director of the Consumer Financial Protection Bureau (CFPB) from 2012 to 2017. Prior to his appointment, Cordray variously served as Ohio’s Attorney General, Solicitor General, and Treasurer.He was the Democratic nominee for Governor of Ohio in 2018.

In an email to staff, Consumer Financial Protection bureau (cfpb) director richard Cordray announced on Wednesday, November 15, that he will be stepping down this month. His departure was widely anticipated. Because the CFPB is headed by a single director – as opposed to a 5-member commission – the agency’s director wields enormous power.

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Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB), will be visiting the House Financial Services Committee next week to testify before chairman jeb hensarling and the.

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