On a Monday night in November 2016, the day before the elections were set to take place, the idea of Consumer Financial Protection Bureau Director Richard Cordray leaving office a year later seemed only likely if Cordray was going to make a triumphant run for the Ohio governor’s role, riding the crest of a Democratic sweep around the country the next day.
On Nov. 15, 2017, Cordray told his staff that he would resign from his position by the end of the month, another financial regulator leader stepping aside as the regulatory climate changes in the administration of President Donald Trump.
But the groundwork for Cordray’s departure did not come on election night. It began in January 2014. Read on for more of the road to Cordray’s resignation.
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