Richard Cordray, former director of the Consumer Financial Protection Bureau, announced Tuesday he’s officially entering the race for governor of Ohio as has been long expected.
Cordray, who also served as the Ohio attorney general and treasurer, joins a crowded field of Democrats aiming to replace Gov. John Kasich, a Republican, whose term ends in January 2019.
In a campaign ad announcing his candidacy, Cordray, 58, touted the support he’s had from former President Barack Obama and Sen. Elizabeth Warren, D-Mass., as well as his record as leader of the CFBP.
“Working with President Obama and leading the Consumer Financial Protection Bureau, I had one job to do: to protect people and their hard-earned money, and I’m proud of the job we did,” Cordray said. “Being a voice for regular folks wasn’t easy. Congress, big banks, and then the new administration tried to protect the powerful interests, but we didn’t back down.”
Cordray said he aims to combat President Trump’s agenda and as governor, will “make things fairer” for Ohioans.
“President Trump’s agenda is all about creating conflict and dividing our communities. At the same time, in Ohio, the state government is waging a war on local governments and has been for years. We know that’s wrong, and together, I know how we can stop it,” he said. “By working together, we can bring down the cost of housing, healthcare and college, and bring wages back up. We will do it by never forgetting that moms and dads, teachers and truck drivers, farmers and firefighters, that regular folks come first.”
In response to Cordray’s candidacy, the Republican Governors Association painted the Democrat as “Washington D.C.’s most power-hungry and least accountable bureaucrat.”
“For the last five years, Richard Cordray has led an out-of-control CFPB that has been constantly accused of bureaucratic overreach, resistance to transparency, and partisan political activity,” the Republican Governors Association said. “Cordray’s record proves that he’s unfit to serve as Ohio’s next governor.”
Cordray joins a field of five Democrats, including Ohio Supreme Court Justice Bill O’Neill, former state Rep. Connie Pillich, state Sen. Joe Schiavoni, former U.S. Rep. Betty Sutton and Dayton, Ohio, Mayor Nan Whaley.
Republican Attorney General Mike DeWine, who defeated Cordray for the post in 2010, is considered the GOP’s frontrunner.