Cordray resigns from U.S. consumer agency, triggers political showdown

Cordray resigns from U.S. consumer agency, triggers political showdownRichard Cordray, the director of the U.S. Consumer Financial Protection Bureau, formally resigned on Friday and named a deputy director as his replacement, setting the stage for a political and legal battle over the regulator’s leadership. Trump has pushed to ease regulations on businesses, including the financial sector, a stance seemingly at odds with Cordray’s more aggressive regulatory approach.



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