Source
Ted Knutson | Forbes

Former Consumer Financial Protection Bureau Director Richard Cordray attacked the Trump Administration today for retreating on consumer financial protection.

Aggressive policies are needed to protect consumers, said Cordray, pointing to mortgage market abuses that helped to propel the recession as a poster child.

He urged states to take up the slack.

“More consumer protection from the states is a good thing,” said the CFPB’s first head. He was appointed by former President Barack Obama.