CFPB Director’s Resignation: National Law Journal Quotes Dorsey Partner
The National Law Journal quoted Jenny Lee, partner at Dorsey & Whitney, in an article entitled, “What Lawyers Are Saying About Richard Cordray’s CFPB Departure Plans.” Cordray’s resignation was announced internally to senior staff at the CFPB earlier this month, and publicly reported earlier this week.
The article addressed the CFPB’s accomplishments and the bureau’s future.
Lee explained that Director Cordray, as the CFPB’s first director, maximized the opportunity to effectuate change and left a lasting legacy for the bureau’s culture. Whether in enforcement or rulemaking initiatives, the bureau’s future, according to Lee, will include evolving, aggressive policy positions because of the ethos that senior leadership embedded in the CFPB’s DNA at its creation.