Bloomberg Law
Nov. 15, 2017, 11:15 PM

Cop on the Beat or Rogue Agency? CFPB Enforcement Under Cordray

Jeff Bater
Jeff Bater

Richard Cordray would like to be remembered for creating “a cop on the beat” during five years as the Consumer Financial Protection Bureau’s first director.

Cordray announced plans to leave the agency at the end of November in an email today to CFPB employees.

The agency’s Republican critics accuse Cordray of creating a “rogue” agency that went beyond the powers granted by the Dodd-Frank Act.

Cordray’s aggressive approach to enforcement became the hallmark of his tenure and the biggest magnet for criticism. Here are five takeaways about CFPB enforcement under Cordray.

Built From the Ground Up

Cordray quickly assembled strong ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.