The Consumer Financial Protection Bureau and Its Non-Director: What Now?
It may be back to the beginning for the new Consumer Financial Protection Bureau. The agency, under the direction of Richard Cordray, had just built up a full head of steam, releasing some 16 regulations in the past year. But a court decision on January 25 may not only stop this train, but send it back to the station. Such a reversal would be good news for consumers, and possibly lead to welcome reform of this ill-considered agency.