Cordray's Departure Brings Back CFPB Leadership Questions

Law360, New York (November 15, 2017, 8:04 PM EST) -- The surprise announcement that Consumer Financial Protection Bureau Director Richard Cordray will leave his post by the end of the month has clouded the future of the federal consumer finance watchdog and its leadership.

Questions about President Donald Trump's power to name an acting director for the bureau rather than simply allowing the bureau's current deputy director to hold the spot have already reared their head. That has led some to speculate that the CFPB could face the kinds of questions of legitimacy that existed when Cordray was serving in an acting director capacity prior to his Senate confirmation in 2013....

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