Cordray announces bid for governor of Ohio after leaving CFPB



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Richard Cordray, whose resignation as director of the Consumer Financial Protection Bureau triggered a battle for the agency's leadership, officially announced that he will run for governor of Ohio and pledged to focus on matters that are important for working families. 19659003] "I'm going to deliver results, and I'll do it the way Ohio does, the way I've always done things," Cordray, a Democrat, said Tuesday at a restaurant in his suburban city of Grove City. "Not by stirring up the conflict, sowing division or pitting people against each other, we're seeing too much of that from Washington DC."

Cordray promotes his work at the CFPB, including enforcement actions against banks and other institutions that, He said, he secured $ 12 billion in recoveries for consumers. He said he will continue to work on issues such as the cost of health care and college, and save for retirement.

Cordray appointed Mary Ellen Withrow, treasurer of the United States during the government of former President Bill Clinton and former treasurer of Ohio, as the treasurer of his campaign in documents filed with the Secretary of State of Ohio. She will also be co-chair of the campaign, said Cordray.

CFPB Fight

The Ohio Democrats expect Cordray to join the race after he resigned from the consumer office on November 24 and appointed his chief of staff, Leandra English, as director at functions. President Donald Trump chose Budget Director Mick Mulvaney separately to be the interim leader of the agency, which triggered a fight for control of the regulator. Last week, a federal judge rejected the request for English to temporarily block Mulvaney's appointment.

Cordray said he recently spoke with former President Barack Obama and Democratic Sen. Elizabeth Warren, who recruited him for the CFPB position, adding that they are both supporting his campaign. Obama believes that work in the office "is a part important of his legacy, "said Cordray.

Cordray is a former Ohio attorney general who lost an offer for re-election in 2010 and also previously served as state treasurer, general counsel, and state representative. The current governor of Ohio, the Republican John Kasich, can not seek re-election when he finishes his second term in early 2019.

Cordray joins a crowded primary elementary camp. At least four other candidates appeared in a debate Monday night in Cleveland.

Republican Competition

There is also a primary potential on the Republican side, which has established Ohio party officials and US Rep. Jim Renacci, who is running as a politician. The Attorney General of Ohio, Republican Mike DeWine, announced last week that Secretary of State Jon Husted was resigning his candidacy for governor and was becoming his running mate. a lieutenant governor candidate. Mary Taylor, Kasich's running mate and current lieutenant governor, is also running for the Republican nomination.

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