Sparring Escalates Over Interim Leader Of U.S. Consumer Finance Agency
  • 6 years ago

The White House’s plan to appoint an interim leader for the top U.S. regulator for consumer finance came under further scrutiny on Sunday as a senior Democratic senator said the move would violate the Dodd-Frank Wall Street reform law. Richard Cordray, a Democrat, stepped down on Friday as director of the Consumer Financial Protection Bureau, which was created after the financial crisis to protect consumers from abusive lending practices.
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