Upon last week’s news of CFPB Director Richard Cordray’s resignation, a number of industry representatives urged Congress and the White House to enact legislation to convert the leadership structure of the bureau to that of a multi-member, bipartisan board or commission. Rob Nichols, president and CEO of the American Bankers Association, said, “While we haven’t always agreed with Director Corday on issues, we have always shared his goal of wanting to help consumers and appreciated his willingness to engage with us. “Consumers are our customers, and nothing is more important to America’s banks than maintaining their trust and confidence,” he added. “We will continue to work with the CFPB under its new leadership to ensure consumers have access to the ...