Regulatory Updates That Impact Payments Industry

  Cordray’s Rumored Departure from CFPB & Impact on Payday Lending Rule Richard Cordray, Director of the CFPB, is rumored to be planning to run as a Democrat for Ohio Governor. House Financial Services Committee Chairman, Jeb Hensarling, has accused him of allowing “personal political ambitions” to influence the bureau’s rule making. When pressured to…