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November 16, 2017

Consumer watchdog agency's next boss ‘big test for Trump'

By KEN SWEET
AP Business Writer

NEW YORK — Richard Cordray, the aggressive first director of the Consumer Financial Protection Bureau, plans to leave the agency by the end of the month, giving President Donald Trump a chance to appoint a replacement likely to be friendlier to the financial industry.

Cordray was a holdover from the Obama administration, appointed to his position in 2013 for a five-year term. Under his leadership, the CFPB implemented or proposed a myriad of new rules and regulations for the banking industry.


 
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