A story from the Columbus Dispatch newspaper said a month-long ad campaign by a group called Protect America’s Consumers spoke to the interest in the political future of Consumer Financial Protection Bureau (CFPB) Director Richard Cordray.
Cordray is a resident of Ohio who served as the attorney general for the state before heading the CFPB. He speaks often at events concerning the financial status and perils for seniors, discussing his 98-year-old father, who still lives in Ohio, and the differences his father has faced in the economic world since he was born.
The ads, which were small campaigns, according to the Dispatch, attacked Cordray as a possible Democratic candidate for governor of Ohio in 2018. At 57, Cordray has plenty of time to get back into a political career, although he is banned from campaigning as long as he remains the CFPB director.
“Richard Corday is the extremely powerful boss of the government agency, the CFPB,” the announcer intones in the ad, according to the Dispatch. “Rumor has it that he also wants to be Ohio’s next governor.
“But running for office is very expensive. So Richard is using his immense power at the CFPB to make a new regulation that will massively benefit Richard’s potential donors.”
The ad is referring to the CFPB’s proposed rulemaking that would ban arbitration clauses from including class-action waivers, saying the rule would benefit trial lawyers.
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