CFPB's Cordray: Enforcement to Begin Immediately

Richard Cordray, who heads up the CFPB's enforcement division, said that the CFPB will be ready to begin enforcement "immediately" when the Bureau is up and running on July 21. The Wall Street Journal reports that Mr. Cordray gave his first interview since joining the CFBP in December, and that he plans to take the same approach at the CFPB as he did when he was Ohio Attorney General:

...in many ways [I'll be] doing on a 50-state basis the things I cared most about as a state attorney general, with a more robust and a more comprehensive authority.

The article, "Warning Shot On Financial Protection," is available at wsj.com, dated February 9, 2011.

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