Lawmaker to Consumer head Cordray: State 'political ambitions'

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Democrat Richard Cordray is facing increasing pressure to announce his intentions in next year's race for Ohio governor.

House Financial Services Committee Chairman Jeb Hensarling, R-Texas, has written the 58-year-old Cordray urging him to reveal by Wednesday whether he plans to resign as head of the Consumer Financial Protection Bureau.

Hensarling, a leading Cordray critic, also sought Cordray's "categorical denial" that political considerations are influencing his federal work. A message seeking comment was left with the bureau.

The letter follows speculation that Cordray could announce a gubernatorial bid over Labor Day. He speaks Monday in Cincinnati.

Some Republicans urged President Donald Trump to fire Cordray, but others have waivered. Firing him could give Democrats a shot at winning the governor's race and making the contest a referendum on Trump.
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