Cordray Quietly Cleared of Potential Hatch Act Violation – NMP Skip to main content

Cordray Quietly Cleared of Potential Hatch Act Violation

Nov 06, 2017
Richard Cordray, who rarely acknowledged criticism of his leadership skills when he was Director of the Consumer Financial Protection Bureau (CFPB), launched into an epic Twitter rant

The Director of the Consumer Financial Protection Bureau (CFPB) was cleared by a federal watchdog agency of potential violations of the Hatch Act for using his office to potentially position himself as a candidate for the 2018 Democratic nomination to become Ohio’s next governor.
 
The National Law Journal obtained a copy of a letter from Erica S. Hamrick, Deputy Chief of the Hatch Act Unit within the U.S. Office of the Special Counsel, to CFPB Director Richard Cordray that assured him that he did not break the law. Hamrick noted that “merely discussing with family or close friends the possibility of running” did not run afoul of the law, adding that her office was tasked to investigation due to complaints by unnamed sources that he was using the CFPB directorship to prepare for the Ohio gubernatorial race.
 
“OSC’s investigation, however, found no evidence that you have engaged in any of the types of preliminary activities directed toward candidacy that would violate the Hatch Act,” Hamrick wrote. “Accordingly, we are closing our file without further action.”
 
Hamrick’s letter was dated Oct. 12, but neither her office nor the CFPB sought to publicize the exchange. The National Law Journal called the matter to its readers’ attention on Friday.

 
About the author
Published
Nov 06, 2017
Jobs Report Comes In Weak After Mortgage Rates Surge

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

Oct 02, 2026
Price Cuts Hit Four-Year High As Mortgage Rates Top 7%

More than one in five listings took a price cut in September, but pending sales still posted their sharpest annual decline since March 2025

Oct 01, 2026
Serious Mortgage Delinquencies Rise 19% After Five Months Of Improvement

ICE data shows 574,000 mortgages were at least 90 days past due in August, while early-stage delinquencies remained below year-ago levels

Sep 29, 2026
Smaller Down Payments Give Buyers More Room, But Rates Limit The Savings

The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country

Sep 25, 2026
Mortgage Rates Break 7% Just As Builders Find A Way To Move Buyers

New-home sales rose 6.4% in August as builders cut prices, offered incentives, and sold more lower-priced homes. Now mortgage rates are moving against buyers again

Sep 25, 2026
Borrowers Want Digital Closings, But Some Originators Remain Hesitant

ServiceLink finds 45% of surveyed LOs cite borrower reluctance as a barrier, even though most recent buyers say digital options would influence their choice of mortgage provider

Sep 23, 2026