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    Richard Cordray is resigning as Consumer Financial Protection Bureau chief

    by Jim Puzzanghera and James Rufus Koren, Los Angeles Times Nov 15, 2017 4 minutes

    WASHINGTON - Richard Cordray announced Wednesday that he expects to step down before the end of the month as director of the Consumer Financial Protection Bureau.

    Cordray was appointed by President Barack Obama as the first director of the bureau, which was created by the 2010 Dodd-Frank financial overhaul law. Cordray's term was not set to expire until July.

    President Donald Trump will get to nominate a replacement to head the bureau - an agency that many Republicans have strongly opposed. The nomination requires Senate confirmation.

    "The administration will announce an acting director and the president's choice to replace Mr. Cordray at the appropriate time," Raj Shah, deputy White House

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