Richard A. Cordray, '86: Running for Governor of Ohio

Cordray Announces Bid for Ohio Governor After Leaving CFPB

Richard Cordray, whose resignation as director of the Consumer Financial Protection Bureau sparked a battle over the agency’s leadership, officially announced that he’s running for governor of Ohio and pledged to focus on issues that are important to working families.

“I will deliver results, and I’ll do it the Ohio way, the way I’ve always done things,” Cordray, a Democrat, said Tuesday at a diner in his suburban Columbus hometown of Grove City. “Not by stirring conflict, sowing division or pitting people against one other. We’re seeing way too much of that from Washington D.C.”

Cordray touted his work at the CFPB including enforcement actions against banks and other institutions that he said 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 saving for retirement.

Cordray designated Mary Ellen Withrow who was U.S. treasurer under former President Bill Clinton and also was a former Ohio treasurer, as his campaign treasurer in paperwork filed with the Ohio Secretary of State. She will also be a co-chairman of the campaign, Cordray said.

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