The announcement that Consumer Financial Protection Bureau (CFPB) Director Richard Cordray will step down at the end of November is one that numerous industry leaders and members of Congress view as an opportunity to enact drastic change to the bureau and federal regulations.
Although the bureau’s critics want to see its power curtailed and policies loosened once a new director is named, Cordray’s supporters want to see the bureau’s work continue much as it has.
Find out more about what various trade associations and legislators have had to say in the wake of Cordray’s announcement.