In the wake of his resignation, CFPB Director Richard Cordray has been portrayed either as the “true champion of American consumers” or an ambitious regulator unwilling to stop at procedural, constitutional, or ethical bumps in his campaign to enrich trial lawyers and enhance his own political prospects. I’m not exactly a Cordray fan. The man had a unique opportunity to redesign the U.S. consumer-protection framework and instead led an agency that released rules that more often than not exceeded 2,000 pages no one could understand absent continuing “clarifications,” “guidance,” and “updates” that did little for consumers and much for compliance consultants. Still, it’s true that consumer financial protection before the crisis was woeful, with the banking agencies more focused on protecting themselves than consumers. U.S. economic equality depends on fair, open access to wealth-preserving and -enhancing financial services, which is why the Bureau to date has been so disappointing and the Bureau to come may do still worse.