CFPB Director Cordray Pens New York Times Op-Ed in Effort to Save Arbitration Rule

In a surprising move, Consumer Financial Protection Bureau Director Richard Cordray made a last-ditch effort to save the bureau’s newly announced arbitration rule as it faces attacks in both houses of Congress. Cordray authored an opinion piece for The New York Times to try and set the record straight on the intent behind the controversial rule. But, does his opinion piece come a little too late?