Without Cordray on the helm, shopper watchdogs fear CFPB might be set adrift


In the wake of Consumer Financial Protection Bureau director Richard Cordray’s shocking resignation announcement Wednesday, shopper watchdogs anxious that the company created within the wake of the monetary disaster might see its mission undermined.

Despite hypothesis that he would possibly go away the place vacant, President Donald Trump is rumored to be contemplating Office of Management and Budget Mick Mulvaney to function interim director of the company.

Consumer advocates and Democratic lawmakers have been fast to criticize the selection, pointing to Mulvaney’s said want to abolish the company totally. In a 2014 interview, Mulvaney mentioned, “Some of us would like to get rid of” the CFPB.

Image: Rich Cordray

Rich Cordray