Wednesday, December 1, 2021
“Richard Cordray’s disastrous and divisive tenure at the CFPB raises serious questions about how he might undermine the Fed’s independence and nonpartisan reputation,” Senate Banking Committee Ranking Member Pat Toomey (R-PA) told Axios. “This is the individual who helped Elizabeth Warren stand up an agency so unaccountable the Supreme Court took away its independent status. I’d hope the White House considers less divisive figures for this role.”
“I like Richard. I respect Richard. Richard is to the left of Lenin,” Sen. John Kennedy (R-LA) told The Wall Street Journal.
If officially nominated, Cordray would not be the only recent Biden economic appointee to stir controversy. The Commander-in-Chief recently tapped Cornell University law professor Saule Omarova to serve as Comptroller of the Currency — a Treasury Department position that “charters, regulates, and supervises all national banks.”