Ex-Trump Aide and Congressman Ratchet Up Anti-Cordray Talk – NMP Skip to main content

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

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."

 
About the author
Published
Jul 31, 2017
CHLA Uses Trump Mortgage Order To Renew Push For LO Comp Reform

Community lenders want more flexibility over employee compensation, closing-cost estimates, down payment assistance, and federal supervision of smaller IMBs

Servicers Begin Testing Systems Ahead of VA Partial Claim Deadline

VA lenders and servicers have until Nov. 28 to implement the new loss mitigation waterfall and Partial Claim Program

ROAD Act’s Housing Incentive May Be Too Small To Move Supply

Realtor.com finds the median city risks losing only about $84,000, although the policy could carry more weight in supply-starved Northeast and Midwest markets

CRA Proposal Could Reshape Bank Lending And Affordable Housing Investment

The OCC and FDIC would put more weight on lending while easing community development requirements for hundreds of banks

Fannie Mae AI Governance Deadline Arrives Aug. 6

Seller/servicers using artificial intelligence in origination or servicing must have formal policies, oversight, and vendor controls in place

Condo Review Deadline Puts Lenders On The Clock

Fannie Mae and Freddie Mac will eliminate abbreviated project reviews for condo applications dated on or after Aug. 3