Consumer ABS market awaits outcome of latest CFPB fight

richard cordray
By Sasha Padbidri
10 Jan 2017

The latest call from Republican senators Ben Sasse and Mike Lee for the incoming president to dismiss Consumer Protection Financial Bureau (CFPB) head Richard Cordray is being closely watched by ABS players.

“It's time to fire King Richard,” Senator Sasse, a member of the Senate Banking Committee, wrote in a Monday letter addressed to incoming vice-president Mike Pence. “Underneath the CFPB's Orwellian acronym is an attack on the American idea that the people who write are laws are accountable to ...

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