Richard Cordray Stepping Down as Director of CFPB

Breaking News from the American Land Title Association:

Richard Cordray Stepping Down as the Director of the Consumer Financial Protection Bureau

Richard Cordray and the CFPB and their efforts to educate and protect consumers have had a significant impact on the real estate industry.

Although this resignation was not a surprise, it remains unclear who the current administration will appoint and whether any incoming director will have the same authority or inclination to aggressively pursue violations of consumer protection

For the full announcement from ALTA:

https://www.alta.org/news/news.cfm?20171115-Alert-Cordray-to-Step-Down-as-CFPB-Director