Consumer Bureau Chief Announces Resignation

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WASHINGTON, DC - MARCH 12: Richard Cordray, nominee for director of the Consumer Financial Protection Bureau, testifies at a confirmation hearing before the Senate Committee on Banking, Housing and Urban Affairs on March 12, 2013 in Washington, DC. Cordray testified that he doesn't see a "one-size-fits-all solution" to financial challenges and stressed the importance of transparency in the bureau's work. (Photo by T.J. Kirkpatrick/Getty Images)

The director of the Consumer Financial Protection Bureau (CFPB) announced his resignation Wednesday, giving President Trump the chance to reshape an agency that has long been the target of Republican ire.

Richard Cordray expects “to step down from his position here before the end of the month,” he wrote in an email that was sent to CFPB staff. Read more at The Hill.

{Matzav.com}

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