Congressional Black Caucus Urges Trump Not To Remove CFPB Director – Financial Regulation News
Congressional Black Caucus urges Trump not to remove CFPB director – Financial Regulation News
Members of the Congressional Black Caucus (CBC) sent a letter to President Trump this week, urging him not to remove the director of the Consumer Financial Protection Bureau, Richard Cordray, before his term expires in 2018.
“Director Cordray has done nothing to give the necessary cause for his removal from office,” the CBC members wrote. “Therefore, we would strongly oppose any attempt by your Administration to remove Director Cordray before the expiration of his term on July 15, 2018 and would view such an action as an illegitimate abuse of power. Communities of color and, indeed, all consumers in America will benefit from …