CFPB Director Richard Cordray did not Violate Federal Ethics Rules
11/7/2017 8:00 AM
The U.S. Office of Special Counsel recently completed an investigation into Cordray’s reported discussion of the Ohio gubernatorial election while leading the CFPB.
Consumer Financial Protection Bureau Director Richard Cordray did not violate the Hatch Act, “which governs political activity of federal civilian executive branch employees,” when he reportedly discussed candidacy for the Ohio governor’s office, according to The Hill and a letter from The U.S. Office of Special Counsel (OSC), which completed an investigation into the matter.
“The complaints OSC received alleged that you violated the Hatch Act by engaging in preliminary activities regarding a candidacy for governor of Ohio. OSC’s investigation, however, found no evidence that you have engaged in any of the types of preliminary activities directed toward candidacy that would violate the Hatch Act. Accordingly, we are closing our file without further action,” the letter read, according to The Hill.
House Financial Services Committee Chairman U.S. Rep. Jeb Hensarling, R-Texas, requested that the special counsel for the OSC conduct the investigation.
The filing deadline for gubernatorial candidates in Ohio is Feb. 7, 2018. Cordray’s term with the CFPB runs through July next year.
Read more on the investigation in The Hill.
Follow ACA on Twitter @ACAIntl and @acacollector or Facebook for news and event updates. ACA’s LinkedIn Group includes news updates, member discussions, event promotions, jobs and more. Visit the group page and request to join today. Subscribe to ACA Daily, Collector magazine and update your email subscription preferences by visiting the publications page. ACA members can get email notifications when each new digital issue of Collector magazine is available by logging in here; members and nonmembers can also purchase a print subscription. Nonmembers can create a guest profile on ACA’s website to subscribe to available publications.