Editorial Board

Richard Cordray's CFPB Has Done Its Job Well

The agency has been a friend to the U.S. consumer. Its next leader should stay the course.

November 16, 2017 at 12:00 PM UTC

By The Editorial Board

The Editorial Board publishes the views of the editors across a range of national and global affairs.

He will be missed.
Photographer: Alex Wong/Getty Images

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President Donald Trump will soon get a chance to remake the Consumer Financial Protection Bureau, one of the signature creations of the 2010 Dodd-Frank financial reform law. The current director, Richard Cordray, has just announced his intention to step down.

It's a good moment to review what the bureau is for, and why it matters.