Drama at Consumer Financial Protection Bureau Ends

Senate Minority Leader Chuck Schumer (D-N.Y.)(C) and Sen Elizabeth Warren (D-Mass.)(R), meet with Leandra English (L), named as acting director of the Consumer Financial Protection Bureau by outgoing director Richard Cordray, at the U.S. Capitol on Nov. 27, 2017 in Washington. Mark Wilson/Getty Images

Leandra English, the deputy director of the Consumer Financial Protection Bureau (CFPB), has dropped her lawsuit seeking to become director of the bureau and announced her resignation. This ends a seven-month drama that began when then-Director Richard Cordray resigned in November 2017 in order to run for governor of Ohio.

Before his resignation, Cordray appointed English, who had served as his chief of staff, as deputy director. She and Cordray then claimed she was the executive rightfully in charge of the bureau.