CFPB Director Richard Cordray should resign as the Obama Administration ends, new Senate Banking Chairman Mike Crapo (R-Id.) said this week.
"I think he should submit his resignation and allow the president to select his own person," Crapo said, in a brief interview.
However, the new chairman did not go as far as his two Senate colleagues– Sens. Ben Sasse (R-Neb.) and Mike Lee (R-Utah)—who have called on President-elect Donald Trump to fire Cordray as soon as his administration begins.
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