Skip to main content

Ex-Trump Aide and Congressman Ratchet Up Anti-Cordray Talk

Phil Hall
Jul 31, 2017
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

A former Trump presidential campaign leader is calling on the White House to give Richard Cordray the boot while a prominent GOP legislator is expressing disappointment that the director of the Consumer Financial Protection Bureau (CFPB) still has his job.
 
In an interview broadcast yesterday on NBC’s “Meet the Press,” one-time Trump presidential campaign manager Corey Lewandowski expressed his hope that new White House Chief of Staff John F. Kelly will coordinate Cordray’s heave-ho from the CFPB. “He’s a person who is now all but running for governor in the state of Ohio, and he’s sitting in federal office right now,” Lewandowski said. “I hope that the new chief of staff looks at him moving forward and saying it’s time to act decisively.”
 
Cordray has been mentioned as a potential candidate for the Democratic nomination in the 2018 Ohio governor’s race, although he has yet to announce his plans for that race. While Lewandowski agitated for Cordray’s firing, Rep. Sean Duffy (R-WI) told the Washington Examiner editorial board that Capitol Hill Republicans were unhappy that Cordray is still in Washington.
 
“The one disappointment with Trump is that he still has Richard Cordray at the CFPB,” Duffy complained. “That Cordray is still there is incredibly disappointing.”
 
Duffy added that any controversy that could arise from the president’s dismissal of CFPB would help to highlight complaints about the agency while effectively ending Cordray’s political career.
 
"Frankly, if he wanted to fight his removal, it would be great," Duffy said. "We'll talk about the racism and the sexism at the CFPB. The history is long and rich. He won't be elected to a Senate seat in Ohio or a governorship in Ohio when we have a great public exposure of Richard Cordray. I wish that would be the path forward."

 
Published
Jul 31, 2017
CFPB Names 4 To Key Senior Positions

The appointees include two who helped create the bureau and two who served on the CFPB staff during the Obama administration.

Regulation and Compliance
Oct 14, 2021
FHFA Raises Enterprises' Multifamily Loan Purchase Caps

The Federal Housing Finance Agency (FHFA) said the 2022 multifamily loan purchase caps will be $78 billion for each Enterprise, for a combined total of $156 billion to support the multifamily market.

Regulation and Compliance
Oct 13, 2021
CFPB Hits AAG With Complaint For Deceptive Marketing Of Reverse Mortgages

The Consumer Financial Protection Bureau filed a complaint and proposed consent order, which alleges that American Advisors Group (AAG) used inflated and deceptive home estimates to attract reverse mortgage consumers.

Regulation and Compliance
Oct 12, 2021
Waterstone Mortgage Names VP Of Compliance

Waterstone Mortgage Corporation named Kris Barros as the company's vice president of compliance.

Community
Oct 08, 2021
Battling The ‘Giant Purple Snorklewacker’

The confirmation of Rohit Chopra as CFPB director has the mortgage industry anxious, but former MBA CEO David Stevens offers some advice: follow the rules.

Regulation and Compliance
Oct 08, 2021
The Compliance Contradiction

Staunch compliance stances often lead to contradictory actions.

Regulation and Compliance
Oct 06, 2021