No sooner did the Consumer Financial Protection Bureau (CFPB) begin the process of shaping a new statutorily required rule than opponents alleged that circumstances surrounding the rule’s creation constitute cause to dismiss Director Richard Cordray.
The disputes came as the bureau issued a request for inquiry into new rulemaking regarding Section 1071 of the Dodd-Frank Act.
Read on to learn what reasons opponents to the rule cite as justification to fire Cordray.