CFPB Director Richard Cordray Resigns
The director of the Consumer Financial Protection Bureau, Richard Cordray, resigned on Wednesday. As one of the last remaining Obama-era banking regulators, he will step down at the end of November.
Last month the National Consumer Law Center (“NCLC”) published a report entitled “Debt Collection Communications: Protecting Consumers in the Digital Age” and submitted it to the Consumer Financial Protection Bureau (“CFPB”) for consideration in their upcoming Debt Collection Rulema