Cordray’s CNBC interview raises more questions than answers

Cordray interview CFPB Director Richard Cordray has not made a habit of participating in in-depth interviews very often. Recently however, Director Cordray finally shared some thoughts about his role as the head of the CFPB and the future of the agency during an interview with CNBC’s chief Washington correspondent John Harwood.

The conversation focused primarily on the recent change in political winds in Washington and Cordray’s perspective on the CFPB’s role in holding financial institutions accountable while protecting consumers.

No mention of Dodd-Frank or CFPB in Trump’s Congressional address

Trump speech to CongressOn Tuesday, President Donald Trump delivered his first speech to Congress. Not surprisingly, the President devoted a significant portion of the address to setting down clear principles for the repeal and replacement of the Affordable Care Act, restating his mission to provide tax relief for the middle class, reforming the country’s immigration system, and rebuilding the nation’s military and infrastructure.

Conspicuously absent from the President’s address was any mention of Wall Street, the Dodd-Frank Act or the CFPB.