In a sit-down interview with American Banker, Consumer Financial Protection Bureau Director Richard Cordray discussed his Senate confirmation, qualified mortgages, and the future challenges that the agency may face.

In the interview on Monday, Cordray said of the agency's accomplishments, "There are many challenges, there's much to do, but I'm pleased at our progress thus far."

Cordray also talked about his controversial recess appointment and his Senate confirmation, saying the bipartisan majority boosted morale at the agency and provided personnel with additional confidence.

For the full piece see "CFPB's Cordray on Senate Confirmation, QM and Future Challenges" (may require subscription).