Hensarling Demands That Cordray Announce His Future Plans

Aug 29, 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 Cordray announce by Thursday whether he planned to complete his work at the agency or quit to run for governor of Ohio.

According to a Cleveland.com report, Cordray has another year left in his five-year federal position. But Cordray became a key figure in the governor’s race after Ohio Supreme Court Justice Bill O'Neill stated that Cordray was going to run.

Hensarling sent a letter to Cordray yesterday demanding that he publicly state by Thursday whether or not he will leave the CFPB to seek political office, telling the CFPB director that "your personal political ambitions may be informing decisions" related to the agency that are supposed to be nonpartisan. Cordray’s office acknowledged receiving and reviewing the letter, but offered no immediate response.

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Phil Hall

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Aug 29, 2017

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