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Richard Cordray is a Badass

Seldom has a new government agency done more for citizens at a lower cost to taxpayers than the Consumer Financial Protection Bureau, or CFPB. In just five years of existence, it has returned $12 billion of illegal or inappropriate fees to consumers of financial products. Who knows how many other bad actions weren't taken because of the presence of a strong regulator. We missed out on our first choice for the CFPB's leadership (although I heard she found other work), the Bureau under Richard Cordray had doggedly fought for our legitimate rights, despite an onslaught of attempts by the GOP to limit the power of the CFPB. It's not a perfect organization, but nothing is. Which is all a long way



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