CFPB Director Richard Cordray did not Violate Federal Ethics Rules


11/7/2017 2:00:00 PM

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.

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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.

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