The CFPB is being targeted by Congress, Trump, the courts, and corporate and business leaders. What does this mean for the structure and mission of a critical Obama-legacy agency; for Cordray himself; and for consumers.
May 31, 2017 at 07:45 PM
1 minute read
The original version of this story was published on National Law Journal
Richard Cordray stepped off Marine One in an overcoat, holding a brown folder to his chest.
It was Jan. 4, 2012, and Cordray, the former attorney general of Ohio, was about to fly back to his home state in style. He boarded Air Force One, bound for a high school gym in a Cleveland suburb where President Barack Obama would announce the wait was over: With Congress in recess, he was appointing Cordray as the first director of the Consumer Financial Protection Bureau.
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