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White House to consider Richard Cordray as top Fed banking regulator- WSJ -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Richard Cordray from the Consumer Financial Protection Bureau talks in Washington, October 17, 2014. REUTERS/Larry Downing

(Reuters) – U.S. President Joe Biden is considering Richard Cordray to serve as the Federal Reserve’s top banking regulator, the Wall Street Journal reported https://on.wsj.com/3rru2kz on Tuesday, citing people familiar with the matter.

Cordray was the Consumer Financial Protection Bureau’s first director. According to the report, Cordray will replace Randal Quarles at the Fed’s vice-chairman of supervision banking if nominated and confirmed.

 

 

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