For Vice President: Richard Cordray? – NMP Skip to main content

For Vice President: Richard Cordray?

Jul 05, 2016
The contentious relationship between Rep. Jeb Hensarling (R-TX), the chairman of the House Financial Services Committee, and Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB), took a raw new turn when Hensarling demanded that Co

The list of potential running mates for Hillary Clinton has expanded to include a name that is very familiar to mortgage professionals: Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB).

According to a Columbus Dispatch report, Cordray’s name is being floated by labor leaders in Ohio, where he served as treasurer and attorney general before he became CFPB director in a controversial presidential recess appointment in 2011.

“Richard Cordray brings balance to that ticket in a lot of different ways,” said Dennis Duffey, secretary treasurer of the Ohio State Building and Construction Trades Council in Columbus. “He has won statewide election twice.”

Ohio is cited as a must-win for the Clinton campaign—the presumptive nominee was recently in the state campaigning with Sen. Elizabeth Warren (D-MA), the architect of the CFPB and another politician cited as a potential running mate. Cordray’s candidacy is also seen as a local alternative to Sen. Sherrod Brown (D-OH)—although he has been frequently mentioned in the media as a potential Clinton running mate, the downside to Brown would be having Ohio Gov. John Kasich naming a Republican to fill Brown’s seat in the event a Clinton-Brown ticket won the election. (Kasich, of course, was defeated by Donald Trump in the Republican presidential primaries.)

For his part, Cordray has made no public comment on the vice presidential talk—his CFPB term runs through mid-2018, and there is additional buzz in the state of having him challenge Kasich for the governor’s seat.

About the author
Published
Jul 05, 2016
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026