House Financial Services Committee Chairman Jeb Hensarling told Consumer Financial Protection Bureau director Richard Cordray on Friday to commit to serving out his term or quit.
Referring to speculation that Cordray intends to run as a Democrat for Ohio’s governor, Hensarling said that if Cordray wants to run the CFPB, “he should first commit to serving his full term. If he will not do so, the honorable course of action would be to resign and leave such decisions to his successor.”
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