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UNITED STATES - JULY 15: Consumer Financial Protection Bureau Director Richard Cordray testifies during the Senate Banking, Housing and Urban Affairs Committee hearing on the CFPB's semi-annual report to Congress on Wednesday, July 15, 2015. (Photo By Bill Clark/CQ Roll Call) (CQ Roll Call via AP Images)
UNITED STATES - JULY 15: Consumer Financial Protection Bureau Director Richard Cordray testifies during the Senate Banking, Housing and Urban Affairs Committee hearing on the CFPB's semi-annual report to Congress on Wednesday, July 15, 2015. (Photo By Bill Clark/CQ Roll Call) (CQ Roll Call via AP Images)

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    What you need to know about the CFPB

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What you need to know about the CFPB

Richard Cordray has stepped down as the head of the Consumer Financial Protection Bureau. Here's what you need to know about the controversial agency.

What you need to know about the CFPB

Richard Cordray has stepped down as the head of the Consumer Financial Protection Bureau. Here's what you need to know about the controversial agency.