Cordray: My Rise to CFPB Lead May Have Violated Rules

By  |  April 22, 2012
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Recently revealed documents show CFPB Director Richard Cordray acknowledging the possibility that his appointment to the Bureau’s head may have been unconstitutional.

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    “There is a chance (a minor chance in my view, though everyone is entitled to his or her own opinion) that the appointment could be invalidated by a court,” Cordray said in a staff meeting in February, according to Bank Credit News. BCN attributes the quote to Judicial Watch, a government watchdog group that obtained the meeting transcripts through a Freedom of Information Act request.

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