CFPB director Richard Cordray resigned

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Richard Cordray, the first director of the Consumer Financial Protection Bureau (CFPB), resigned.

The Obama-era appointee, who drew ire from real estate industry leaders after the federal agency fined two brokerages and two mortgage lenders for what it called an “illegal kickback scheme,” was considered a target of Congressional Republicans and President Donald Trump.

Cordray is expected to run for governor in Ohio, his home state, according to news reports.