Lawmaker to Consumer head: State 'political ambitions'

AP News
Posted: Aug 30, 2017 12:08 PM

COLUMBUS, Ohio (AP) — Democrat Richard Cordray is facing increasing pressure to announce his intentions in next year's race for Ohio governor.

House Financial Services Committee Chairman Jeb Hensarling, R-Texas, has written the 58-year-old Cordray urging him to reveal by Wednesday whether he plans to resign as head of the Consumer Financial Protection Bureau.

Hensarling, a leading Cordray critic, also sought Cordray's "categorical denial" that political considerations are influencing his federal work. A message seeking comment was left with the bureau.

The letter follows speculation that Cordray could announce a gubernatorial bid over Labor Day. He speaks Monday in Cincinnati.

Shut Up, They Explain
John Stossel

Some Republicans urged President Donald Trump to fire Cordray, but others have waivered. Firing him could give Democrats a shot at winning the governor's race and making the contest a referendum on Trump.