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CORDRAY
STILL MUM ON
GUBERNATORIAL
RUN
With the Director of the Consumer Financial
Protection Bureau (CFPB) Richard Cordray's
term nearing its end, there has been a lot of
discussion on whether or not the Ohio native
will make a run for the governorship, despite his
remaining silent on the matter.
In early September, Cordray attended the
American Federation of Labor and Congress
of Industrial Organizations, where he spoke
about income inequality in America. He did
not, however, answer a question directed toward
him about his potential gubernatorial bid,
according to the Washington Post. Cordray has
recently been under fire to go public with his
intentions.
e most recent prod came from Sen. Jeb
Hensarling (R-Texas), who wrote the director
demanding, "your categorical denial that political
consideration have informed any aspect of your
decisions, orders, and communications relating
to the rule; your assurance that all records
relating to this rulemaking will be preserved; and
confirmation that you intend to serve your full
statutory term as Bureau Director, or, if you do
not intend to serve your full term, confirmation
of the date on which you intend to resign from
office."
e letter was spurred when two separate
publications reported that Cordray was
attempting to fast-track rules through the CFPB.
e Republican Governor's Association has
also attempted to obtain information via the
Freedom of Information Act as to whether or not
Cordray had been in contact with the Chairman
of the Hamilton County Democratic Party, as
well as copies of correspondence he may have had
from his @consumerfinance.gov email account.
When asked about his intention at the Labor
Day festivities, Cordray brushed the question off,
according to the Washington Post. "I don't have
anything to say about that," he said.
The percentage
the overall
national
net worth of
households rose
by in Q2 2017.
Source: The Q2 2017 United States
Federal Reserve Statistical Release
STAT INSIGHT
1.7%
