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Administrative Appointments Richard Cordray Dodd-Frank Wall Street Reform and Consumer Protection Act

Kilpatrick

Showdown Over CFPB Leadership Continues

Kilpatrick on

In an interesting turn of events over Thanksgiving weekend, outgoing Consumer Financial Protection Bureau (CFPB) Director Richard Cordray promoted CFPB Chief of Staff Leandra English to the position of CFPB deputy director on...more

Hinshaw & Culbertson LLP

Trouble With A Capital C: Cordray’s Move To Name His Own Successor At The CFPB

Hinshaw & Culbertson LLP on

In contrast to his big wins on Jeopardy! in the 1980s, Richard Cordray lost badly in 2017 after staking so much on the Consumer Finance Protection Bureau’s (“CFPB”) Final Rule, which would have prohibited the use of class...more

Ballard Spahr LLP

Why David Silberman, the CFPB’s Acting Deputy Director, will not succeed Richard Cordray (if and when he resigns)

Ballard Spahr LLP on

On July 31, I published a blog post in which I suggested that, if Director Cordray resigns, Treasury Secretary Mnuchin would be the obvious and logical person to serve as CFPB Acting Director until President Trump nominates,...more

Ballard Spahr LLP

Can President Trump appoint an Acting Director upon Director Cordray’s departure?

Ballard Spahr LLP on

Given the speculation that Director Cordray will soon resign to run for Ohio governor, we have been pondering whether President Trump could appoint an Acting Director upon his resignation or whether David Silberman, the...more

Ballard Spahr LLP

Some thoughts on President Trump’s authority to replace Director Cordray

Ballard Spahr LLP on

There has been some debate about President Trump’s authority to designate a replacement for Director Cordray should he resign or be removed by the President. The Dodd-Frank Act authorizes the CFPB Director to appoint a...more

Ballard Spahr LLP

D.C. federal district court rejects recess appointment challenge

Ballard Spahr LLP on

The D.C. federal district court has rejected the plaintiffs’ attempt in State National Bank of Big Spring, Texas, et al. v. Lew, et al. to invalidate the actions taken by Director Cordray while he was a recess appointee. The...more

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