Richard Cordray, the embattled director of the Consumer Financial Protection Bureau, will resign his post at the end of the month, giving President Donald Trump the chance to reshape an agency that has drawn relentless attacks from businesses over its aggressive enforcement.
Cordray made the announcement in an email to bureau staff on Wednesday. "It has been a joy of my life to have the opportunity to serve our country as the first director of the Consumer Bureau by working alongside all of you here," he wrote.
Cordray has been rumored to be considering a run for governor of Ohio, but gave no indication Wednesday of his plans.
Trump is likely to put the bureau under the control of Treasury Secretary Steven Mnuchin, who can delegate day-to-day operations to an interim director.
Read more in Politico.