Trump is reportedly leery of firing CFPB chief Richard Cordray because of Ohio's governors race
President Trump reportedly wants to fire Richard Cordray, the first director of the Consumer Financial Protection Bureau, whose term isn't set to end until July 2018. Republicans dislike the CFPB, set up under the Dodd-Frank banking reform bill to protect American consumers from the financial industry, and Cordray's leadership of it, as House Republicans let him know during a five-hour grilling earlier in April. But Cordray may keep his job for at least a little while longer, Politico reports, in part because of next year's gubernatorial race in Ohio:
Cordray isn't popular on Wall Street, but Ohio's banking community likes and respects the state's former treasurer and attorney general, Politico says, and "banker love is no small thing in Ohio." Democrats are said to be excited about his potential run, and Republican strategists say he has a shot at winning if he does run. Ohio Gov. John Kasich (R) is term-limited and can't run next year. You can read more about Cordray, and how a race he hasn't yet entered might keep him in his current job, at Politico.
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Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
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