The head of the federal Consumer Financial Protection Bureau is talking about the role he hopes the agency continues to play up to and after the November election.
Ohio Public Radio's Karen Kasler reports.
The CFPB has taken action recently on student loan servicers and debt collectors, but has also come under fire by some wanting it to be tougher, for instance on for profit colleges and forced arbitration in individual cases. Ohio’s Democratic former Attorney General Richard Cordray has headed the CFPB since its creation.
“People can agree or disagree with particular things we may be doing, but as to whether there should be someone standing on the side of consumers and making sure that they’re treated fairly, I just think it speaks for itself.”
Cordray won’t comment on whether he wants to stay with the Bureau, other than that he’s enjoying the work. He also wouldn’t talk about whether he’d like to run for office in Ohio again.
