Consumer Financial Protection Bureau

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Consumer Financial Protection Bureau

US GOVERNMENT OFFICE

Independent bureau established 21 July 2011 in response the abuses during the 2008 crisis. Although required to have a director by law, Republicans in Congress refused to approve any nominee on principle, even though they agreed both presented nominees, Elizabeth Warren and Richard Cordray, were highly qualified. Cordray received a recess appointment in 2012, although Congress attempted even to skirt this ability by holding a sham Congress without a formal recess. The CFPB is funded by the Federal Reserve.

Official Website:
http://www.consumerfinance.gov/

Location:
Washington, DC

Name Occupation Birth Death Known for

Richard Cordray Government 3-May-1959 Acting Director, Consumer Financial Protection Bureau

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