TV News LIES

Friday, Dec 15th

Last update05:20:13 AM GMT

You are here News Politics Cordray to Resign From Consumer Protection Agency, Allowing Trump to Remake

Cordray to Resign From Consumer Protection Agency, Allowing Trump to Remake

E-mail Print PDF

Cordray resigns from Consumer Protection AgencyRichard Cordray will step down as the head of a controversial consumer watchdog at the end of the month amid growing speculation that he will run for governor of Ohio as a Democrat.

His decision means President Donald Trump should soon get to install his own director atop the Consumer Protection Financial Bureau, a regulator set up in response to the 2008 financial crisis to police mortgages, credit cards and other financial products. Cordray’s departure gives Republican lawmakers and bankers the chance to push a deregulatory agenda at an agency they say has too much power and has burdened lenders with unnecessary red tape.

Cordray, 58, revealed his plans to leave the agency in an email to CFPB staff on Wednesday. He did not specify in the memo what he plans to do next. Washington lobbyists and lawmakers have been predicting for months that he would resign to run for governor in his home state.

More...


Most Recent Related Stories...


Controversial Cincinnati nominee asks Trump to withdraw his bid for EPA post

Michael Dourson withdraws name from EPA post Michael Dourson, President Trump's nominee to lead U.S. EPA's chemicals program, has withdrawn from consideration amid...

The Latest: FCC votes down Obama-era 'net neutrality' rules

Net neutrality deregulated The Federal Communications Commission has voted on party lines to undo sweeping Obama-era "net neutrality" rules...

CIA Captured Putin’s ‘Specific Instructions’ to Hack the 2016 Election

Putin ordered hacking of election in USTwo weeks before his inauguration, Donald Trump was told in a top-secret briefing that the CIA...

Will Trump's lows ever hit rock bottom?

Trump not fit to clean toiletsWith his latest tweet, clearly implying that a United States senator would trade sexual favors for...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!