Consumer Financial Protection Bureau

Richard Cordray
WIKIMEDIA

The first head of the national Consumer Financial Protection Bureau says he’s concerned about the shift in direction for the agency. 

The CFPB was created in 2011, after the recession, to give consumers more protections. But former head Rich Cordray says the entire focus has changed under President Trump and the Republicans.

photo of Richard Cordray
CITY CLUB OF CLEVELAND

The former head of the federal Consumer Financial Protection Bureau returned to Ohio on Thursday to discuss his bid for governor.

At the City Club of Cleveland, Richard Cordray said couldn’t jump into the race earlier because he wanted to complete two major regulations at the CFPB first: rules on arbitration and on payday lending.

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SHUTTERSTOCK

Here are your morning headlines for Wednesday, December 6th:

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ROAMINGPRO / PIXABAY

Here are your morning headlines for Tuesday, November 28th:

Richard Cordray
STATE OF OHIO

General Richard Cordray is defending his decision to step down as head of the Consumer Financial Protection Bureau and to appoint his replacement. Cordray, who is a former Ohio attorney general and an expected candidate for governor, appointed his deputy director to take the interim position.

Talking on NPR’s Morning Edition today, Cordray addressed concerns that his actions were political.

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