CFPB’s Cordray Ratifies Recess Appointment Actions

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The head of the CFPB, Richard Cordray, was initially appointed by a recess appointment which has generated speculation as to its validity and resulted in certain court actions.  Mr. Cordray’s appointment was subsequently confirmed by the senate in July 2013.  Mr. Cordray has recently sought to dispel doubts about his recess appointment actions by ratifying all such actions by this document published in the Federal Register.

The document states: “I believe that the actions I took during the period I was serving as a recess appointee were legally authorized and entirely proper. To avoid any possible uncertainty, however, I hereby affirm and ratify any and all actions I took during that period.”

Topics:  CFPB, Recess Appointments, Richard Cordray

Published In: Constitutional Law Updates, Consumer Protection Updates, Elections & Politics Updates, Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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