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Difference between revisions of "Richard Cordray"

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Revision as of 15:44, 12 June 2014

Richard Cordray
Richard Cordray.jpg
Director of the Consumer Financial Protection Bureau
Incumbent
In office
January 4, 2012 - Present
Years in position 2
PartyDemocratic
Elections and appointments
ConfirmedJuly 16, 2013
AppointedJanuary 4, 2012
Appointed byBarack Obama
Prior offices
Ohio Attorney General
January 8, 2009 - January 9, 2011
Ohio Treasurer
January 8, 2007 - January 7, 2009
Ohio House of Representatives
January 7, 1991 - December 31, 1992
Websites
Office website
Richard Cordray (born May 3, 1959 in Columbus, Ohio) is the current Director of the United States Consumer Financial Protection Bureau. He served previously as the Attorney General of Ohio. He was elected to office in November 2008 to fill the remainder of the unexpired term left behind by the previous occupant, Nancy Hardin Rogers. Two years later, however, while seeking his first officially elected term to the position, he lost in the general election on Tuesday, November 2nd, 2010 to former United States Senator Mike DeWine; he received forty-six percent of the vote.[1]

Biography

Shortly after receiving his law degree, Cordray worked as a clerk for associate Supreme Court justices Byron White and Anthony Kennedy in 1987. A year later he was brought aboard the Cleveland-based international law firm, Jones Day.

Education

  • Grove City High School (1977) co-valedictorian
  • BA, Legal and political theory, James Madison College - Michigan State University (1981)
  • MA, Economics, University of Oxford (1983)
  • JD, University of Chicago Law School (1986)

Political career

Consumer Financial Protection Bureau (2012 - Present)

On January 4. 2012, President Barack Obama appointed Cordray as Director of the Consumer Financial Protection Bureau - a watchdog agency charged with, "scrutinizing unfair practices by debt collectors, mortgage brokers, credit reporting agencies, and predatory payday lenders."[2]

Attorney General of Ohio (2009 - 2011)

Cordray announced in June 2008 that he would run to serve the remaining unexpired term of Nancy Rogers. On election night, he defeated Republican challenger Mike Crites, receiving fifty-seven percent of the vote.

Ohio Treasurer (2007 - 2009)

Cordray defeated Republican Sandra O'Brien for State Treasurer in what became a state-wide sweep for the state Democrats in 2006. In the midst of the campaign, Cordray merged "field staffs in the 2006 election and produced a joint mailer" with Ohio Secretary of State Jennifer Brunner, who herself has been linked with the controversial community-based advocacy group, ACORN.[3]

Treasurer of Franklin County, Ohio (2002 - 2007)

In 2002, Cordray became the first Democrat in a quarter-century to be elected Franklin County Treasurer, replacing Republican Wade Steen, who just a year earlier had been appointed to the position following the health-related resignation of Bobbie M. Hall. Cordray won by a razor-thin margin of 3,232 votes. Throughout the campaign Cordray repeatedly hit on Steen for failing to "collect more than $44 million in delinquent property taxes."[4] He easily won re-election two years later, receiving sixty-four percent of the vote against Republican Jim Timko.

Candidate for U.S. Senate (1998)

Two years later, he chose to run for the United States Senate in the hopes of replacing one-term incumbent Republican Mike DeWine. Cordray placed third in a four-way contest for the Democratic nomination, Ted Celeste (brother of former-governor, Dick Celeste) and Rev. Marvin McMickle, but ahead of last minute entry, Dan Radakovich.

Ohio Democratic Party Central Committee (1996 - 1997)

Cordray was elected to the Ohio Democratic Party Central Committee for the state's 15th Congressional District in 1996. That same year he was on the short list for United States Attorney General along with Kent Markus and Sharon Zealey, who ultimately received the appointment. He ran for state Attorney General in 1998; he received the Democratic nomination, running unopposed, but was roundly defeated by incumbent Republican Betty Montgomery, who received sixty-two percent of the vote.

Ohio Solicitor General (1993 - 1996)

In September 1993, Cordray became the first individual appointed as Ohio's Solicitor General, a state governmental office created in an effort to relieve the level of state appellate work. Selected by the state's Attorney General, the Solicitor's main responsibility was to argue cases before both the State Supreme Court and the United States Supreme Court. His most notable was his second, Hanlon v. Berger (1999), which questioned the constitutionality of media ride-alongs with law enforcement officials.[5]

Ohio House of Representatives (1991 - 1992)

In 1990, Cordray was elected to the Ohio State House of Representatives for the 33rd Congressional District, unseating six-term incumbent Republican Don Gilmore. Also during this time he simultaneously taught courses at both Ohio State University Moritz College of Law and Georgetown University. After the state Apportionment Board redrew state legislative districts in 1991 landed Cordray in one with a twenty-two year incumbent, he chose not to run for re-election.

Instead, he campaigned for the United States House of Representatives seat in Ohio's 15th Congressional District held at the time by outgoing Republican Chalmers Wylie. He easily defeated Bill Buckel for the Democratic nomination, but lost the general election contest to Republican Deborah D. Pryce.

Controversies

Ethics complaint

Robert Owens, the Constitution Party candidate for State Attorney General, filed an ethics complaint against Cordray on Thursday, September 30, 2010 for supposedly skirting state campaign finance laws.[6] Owens has requested the Ohio Elections Commission, an independent disciplinary agency that is responsible for most disciplinary matters under Ohio's campaign finance laws, to investigate whether or not Cordray's transfer of over $750,000 from his 2008 campaign balance to state and county Democratic Party organizations was a coordinated violation of the state's "excess funds" law.[7] The purpose of the "excess fund" law is to prevent more than $200,000 from being transferred from one race to another. The stiffest penalty Cordray could receive if found guilty is being removed from the ballot.

Political issues

Healthcare reform

See also: State Attorneys General Against the Patient Protection and Affordable Care Act of 2010

In a letter dated Tuesday, March 23, 2010, the same day President Barack Obama signed into law the controversial House Resolution 3590 - The Patient Protection and Affordable Care Act, United States House of Representatives Minority Leader John Boehner and other Republican members of Ohio's congressional delegation urged Democrat Attorney General Richard Cordray to join other states in suing the federal government over the measure.[8]

One week later, Cordray announced that he would be turning down a request made on behalf of Republican State Senator Gary Cates and seven additional state legislators for Cordray to challenge the constitutionality of the health care reform legislation, arguing that he felt that the suit had "no legal merit and would needlessly tie up the resources of his office."[9]

Elections

2014

See also: Ohio gubernatorial election, 2014

Prior to his official confirmation as director of the U.S. Consumer Financial Protection Bureau in July 2013, Cordray was considered a potential Democratic candidate for Governor of Ohio in 2014.[10][11]

2010

See also: Ohio Attorney General election, 2010
  • Richard Cordray ran unopposed in this contest

On November 2, 2010, Mike DeWine won election to the office of Ohio Attorney General. He defeated Richard Cordray (D), Robert Owens (C) and Marc Feldman (L) in the general election.

Ohio Attorney General, 2010
Party Candidate Vote % Votes
     Republican Green check mark transparent.pngMike DeWine 47.5% 1,821,414
     Democratic Richard Cordray (D) 46.3% 1,772,728
     Constitution Robert Owens 3.4% 130,065
     Libertarian Marc Feldman 2.8% 107,521
Total Votes 3,831,728
Election Results Via: Ohio Secretary of State

2008

  • 2008 Race for Attorney General - Democratic Primary
    • Richard Corday ran unopposed

On November 4, 2008, Richard Cordray won election to the office of Ohio Attorney General (Special Election). He defeated Mike Crites (R) and Robert Owens (I) in the general election.

Ohio Attorney General (Special Election), 2008
Party Candidate Vote % Votes
     Democratic Green check mark transparent.pngRichard Cordray 56.8% 2,890,953
     Republican Mike Crites 38.4% 1,956,252
     Independent Robert Owens 4.8% 246,002
Total Votes 5,093,207
Election Results Via: Ohio Secretary of State

2006

  • 2006 Race for Ohio Treasurer of State - Democratic Primary
    • Richard Cordray ran unopposed

On November 7, 2006, Richard Cordray won to the office of Ohio Treasurer. He defeated Sandra O'Brien (R) in the general election.

Ohio Treasurer, 2006
Party Candidate Vote % Votes
     Democratic Green check mark transparent.pngRichard Cordray 57.9% 2,223,282
     Republican Sandra O'Brien 42.1% 1,618,625
Total Votes 3,841,907
Election Results Via: Ohio Secretary of State

Campaign contributions

2008 Race for Attorney General - Campaign Contributions
Total Raised $3,589,408
Total Raised by Primary Opponent N/A
Total Raised by Gen. Election Opponent $216,109
Top 5 Contributors Ohio DNC $1,844,473 (51.39% of Total)
Summit County DNC $30,000 (0.84%)
SEIU Healthcare District 1199 $21,340 (0.59%)
United Long Term Care Workers Local 6434 $21,340 (0.59%)
National City Corp. $20,670 (0.58%)
Other Notable Contributors Service Employees Local 721/SEIU $10,670 (0.30%)
Individuals v. Institutions $1,175,602 (32.8%)
$485,825 (13.5%)
In v. Outside State $3,304,634 (92.4%)
$270,966 (7.6%)

Personal

Cordray lives in Washington, D.C., while his wife, Peggy, and their twins, Danny and Holly, reside in Grove City, Ohio. Cordray was a 5-time winner on the television show Jeopardy! in the 1980s. He was invited back to participate in the "Battle of the Decades week" in February 2014.[13]

Awards

  • County Leader of the Year (2005) from American City & County magazine

Recent news

This section displays the most recent stories in a Google news search for the term Richard + Cordray + Consumer + Financial + Protection

All stories may not be relevant to this page due to the nature of the search engine.

Richard Cordray News Feed

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See also

External links

The Internet Archive's Wayback Machine was used to recall this version of the website from March 3, 2010.


References


Political offices
Preceded by
Jennette Bradley
Ohio State Treasurer
2007–2009
Succeeded by
Kevin Boyce
Preceded by
Nancy H. Rogers
Ohio Attorney General
2009–2010
Succeeded by
Mike DeWine (R)