Cordray Says CFPB Will Continue Enforcement Mandate

Remarks come as Republicans and Trump administration look for ways to rein in the Consumer Financial Protection Bureau

Richard Cordray, director of the Consumer Financial Protection Bureau, testified before a Senate committee in September. PHOTO: PETE MAROVICH/BLOOMBERG NEWS

ByYuka Hayashi
Updated Jan. 24, 2017

Consumer Financial Protection Bureau Director Richard Cordray said the watchdog would continue enforcement of existing consumer-protection rules at a steady and vigorous pace, and the arrival of the Trump administration “shouldn’t change the job at all.”

“It’s important to keep in mind that we are a law enforcement agency,” Mr. Cordray said in an interview at a WSJ Pro Financial Regulation event on Tuesday. “That’s an important part of what we do, and it…has to be kept separate from partisan politics.”

After filing enforcement actions at an unusually fast clip since December, Mr. Cordray said the bureau still had some major lawsuits pending.

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