CFPB: Cordray to Step Down

This morning the Consumer Financial Protection Bureau's (CFPB) Director, Richard Cordray announced his plans to step down at the end of this month.

His decision means President Donald Trump will nominate a new director atop the CFPB.

The news comes along with this week's announcement that the Senate Banking committee has unveiled a strongly-bipartisan plan to roll back Dodd-Frank laws and regulations for community based lenders. Please stay tuned for developments and activity on that issue.

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