As the news of Richard Cordray’s imminent departure was released last week, one of the first questions was whom would take over as head of the Consumer Financial Protection Bureau when Cordray left.
That question came because of a little-known statute called the Federal Vacancies Reform Act, and then-Treasury Secretary Timothy Geithner.
Read on for background on the 1998 federal statute and how it could come into play for the short-term leadership of the bureau.
TO READ THE FULL STORY
Cover Story: