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 ...