CFPB's Cordray Ratifies Rules Written As Recess Appointee
Cordray was officially appointed by President Barack Obama on July 17, following a deal in the Senate to end contention over whether his initial appointment, during a congressional recess in January, was legitimate.
Cordray ratified the rules written while his leadership was in question to avoid arguments over their legitimacy, he said in Friday’s notice.
"I believe that...
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