Problems are starting to mount for Consumer Financial Protection Bureau Director Richard Cordray as he reportedly pursues the Ohio governor’s office. Earlier this week, Congressman Jeb Hensarling noted that Cordray’s steps to run for governor may have violated the Hatch Act. Now, members of the House of Representatives are moving closer to charging Cordray with contempt of Congress for failing to fully comply with subpoena requests by the House Financial Services Committee. As he puts together his gubernatorial bid, Cordray has shown a disturbing disregard for transparency that threatens to plague his candidacy before it even begins. If he has indeed used taxpayer-funded resources or engaged in any prohibited political activity in pursuit of his electoral ambitions, Cordray owes it to Ohioans to be honest and forthright about his actions.
“Republican staff members in the U.S. House of Representatives are arguing that Consumer Financial Protection Bureau Director Richard Cordray could be held in contempt of Congress for refusing to respond sufficiently to congressional subpoenas.
A report issued Friday by Republican staff on the House Financial Services Committee argued there was ‘ample evidence’ that Cordray could be held in contempt. The staff argued that Cordray had failed to fully comply with subpoena requests from the panel, where Republicans have been fiercely critical of his agency’s regulatory work.”