Nine months before his term was set to expire, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray announced his plans to resign from the post by the end of November.
By doing so, Cordray leaves some uncertainty as to his successor and the leadership of the CFPB. Industry experts Phillip Schulman, Marx Sterbcow and Ken Trepeta talked with RESPA News about the immediate impact of Cordray’s imminent departure.
“The impact on the CFPB may well be quite dramatic,” Schulman said. Read on for more.
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