Consumer watchdog chief Cordray resigns, names acting successor
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Title : Consumer watchdog chief Cordray resigns, names acting successor
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Title : Consumer watchdog chief Cordray resigns, names acting successor
link : Consumer watchdog chief Cordray resigns, names acting successor
news-today.world | Richard Cordray, the first director of the Consumer Financial Protection Bureau, resigned Friday and simultaneously named his own successor, setting up the consumer agency for another battle with the Trump White House over control of the powerful federal watchdog.
Cordray had announced earlier this month that he would resign by the end of this month. There is wide speculation that Cordray, a Democrat, is resigning in order to run for governor of Ohio, his home state.
Cordray had announced earlier this month that he would resign by the end of this month. There is wide speculation that Cordray, a Democrat, is resigning in order to run for governor of Ohio, his home state.
On the same day that Cordray announced his resignation, he also elevated Leandra English, who was the agency's chief of staff, into the deputy director position. With Cordray's resignation, English would become acting director.
By naming English as deputy director, Cordray, an Obama appointee, sets up a fight with the Trump White House, who wanted to assign its own acting director of the CFPB.
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By naming English as deputy director, Cordray, an Obama appointee, sets up a fight with the Trump White House, who wanted to assign its own acting director of the CFPB.
More
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