Democrats Call for ‘Bipartisan’ Director of CFPB After Obama Appointee Leaves Democrats Call for ‘Bipartisan’ Director of CFPB After Obama Appointee Leaves – NTK Network

Democrats Call for ‘Bipartisan’ Director of CFPB After Obama Appointee Leaves

Richard Cordray served as the director of the federal watchdog, but he is now running as a Democrat in the Ohio gubernatorial race.

By NTK Staff | 12.05.2017 @12:00pm
Democrats Call for ‘Bipartisan’ Director of CFPB After Obama Appointee Leaves

Senate Democrats are now calling for a “bipartisan” replacement for departed Consumer Financial Protection Bureau (CFPB) Director Richard Cordray, after a federal court ruled that interim Director Mick Mulvaney was the rightful chief of the agency until President Trump appoints a new head.

Forty-four Democrats signed onto the letter, which calls for a director who will be “bipartisan” and “tough on Wall Street,” according to American Banker:

“We urge you to nominate a CFPB Director who will bring to the job both bipartisan support and a track record of being tough on Wall Street. Following the Dodd-Frank succession provision and nominating a director who will fight for consumers allows the CFPB to continue its work without political interference.”

Democrats’ newfound love of bipartisanship is interesting, given the blatantly Democratic loyalty of the previous director.

Cordray once served as a Democratic Attorney General in Ohio, and he ran for senate in the state in 2000. And almost immediately after leaving the agency, he declared his intention to pursue Ohio’s governorship as a Democrat in 2018.

President Obama’s appointment of Cordray was also nakedly partisan, using a recess appointment to install the director without congressional approval. A Supreme Court decision vacated the appointment, forcing Cordray to seek a Senate nod of approval.

Once upon a time, Democrats had no problem with a partisan CFPB chief, but now they complain about the process when the tables have turned.

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