Richard Cordray was renominated today by President Obama to serve as CFPB Director for a five-year term. The President’s recess appointment of Mr. Cordray only allows him to serve as CFPB Director until the end of this year.
Instead of waiting until later this year to renominate Mr. Cordray, the President may have decided to act now because of concerns about the outcome of the case pending before the U.S.… Continue Reading