Tag: Richard Cordray

Biden to Axe Trump Investigations of Secret Foreign Money in Higher Ed, College Groups Say

Just the News

The Biden administration plans to shutter its predecessor’s investigations into undisclosed foreign funding of U.S. colleges and universities, the subject of years of warnings from elected officials, law enforcement and academic freedom groups, according to higher education lobbyists.

The commitment was recorded in an August letter from a higher ed lobbyist recapping a June 23 virtual briefing by top Department of Education officials for the American Council on Education (ACE) and other university groups, including the Council on Governmental Relations (COGR), which includes medical centers and independent research institutes.

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Warren Promises Free College, Canceling of Student Loan Debt and More at Columbus Rally

Anthony Gockowski

  Sen. Elizabeth Warren (D-MA), a 2020 contender, hosted a campaign rally in Columbus, Ohio Friday night where she received thunderous applause while discussing her controversial wealth tax. “I’m tired of freeloading billionaires,” Warren said Friday night after campaigning across West Virginia earlier in the day. In January, Warren floated the idea of introducing a two percent incremental wealth tax on those who are worth more than $50 million. A Forbes analysis found that the tax would cost the country’s wealthiest $85 billion a year. Warren discussed the proposal Friday night and provided a laundry list of the kinds of programs she would pay for with the new taxes. “Here’s what you can get: universal child care every baby age zero to five. But that’s not all. Universal pre-k for every three-year-old and four-year-old in this country. Raise the wages of every child care worker and pre-school worker to a professional wage level like they’re entitled to. But I’m not through yet,” she said. “We can do all of that and we can make every technical school, two-year college, and four-year college tuition and fee free in America.” “Tuition and fee free on all of our public colleges and universities—think…

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Richard Cordray, Dem Candidate for Ohio Governor, Hopes to Continue Monitoring Consumers Just Like He Did at CFPB

Anthony Gockowski
Richard Cordray

Democratic-hopeful Richard Cordray recently announced in his bid for Ohio’s governor seat that he intends to enact failed policies from his time at the Obama administration’s Consumer Financial Protection Bureau (CFPB). In April, it was revealed that under Cordray’s direction the CFPB allegedly faced at least 1,000 different hacks, including 240 data breaches, while the bureau was in the process of gathering 991 million American credit card accounts, The Daily Caller reported. During a 2014 hearing, Cordray explained that his agency was “collecting aggregated information,” and was unable to guarantee that “consumer information is 100 percent secure.” Acting Director Mick Mulvaney confirmed Cordray’s comments while testifying before Congress in April, saying that “everything” the CFPB collects is “subject to being lost.” The CFPB has been at the center of controversy ever since its 2011 founding, and was criticized in November by President Trump’s Treasury Department as having an “unaccountable structure.” “The CFPB was created to pursue an important mission, but its unaccountable structure and unduly broad regulatory powers have led to regulatory abuses and excesses,” the Treasury stated in a report, according to USA Today. “The CFPB’s approach to enforcement and rulemaking has hindered consumer choice and access to credit,…

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Republican Governor’s Association Comes Out Swinging Against Richard Cordray, Ex-Obama Official Running for Ohio Governor

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anti-Richard-Cordray ad

Three months after Richard Cordray soundly beat Ohio mainstay, former congressman Dennis Kucinich for the chance for the Buckeye State’s top executive, the Republican Governor’s Association (RGA) launched a withering attack ad impugning Cordray’s performance as President Barack Obama’s first Director of the constitutionally dubious Consumer Bureau of Financial Protection – or CBFP. From 2012 through 2017, the empowered progressive stripped over $12 billion from Wall Street, as reported by Vox. In the same time period, however, the newly created bureau was hacked hundreds of times, exposing the financial records of Americans, sticking them with years of risk from identity theft and other financial crimes. In a statement, the RGA said the new television ad launched Thursday highlights “Washington D.C. Bureaucrat Richard Cordray’s secret collection of financial information from millions of Americans that he then failed to protect from hacking.” “After collecting personal financial data from millions of American consumers without their knowledge, Richard Cordray failed to safeguard their information, leaving it vulnerable to be hacked over 200 times,” said RGA Communications Director Jon Thompson. “When Americans needed Cordray to protect them, he failed. Cordray’s record of incompetence as a Washington D.C. bureaucrat shows that Ohioans can’t trust him to…

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Mick Mulvaney Looks for More Trump Appointees to Help Him ‘Refocus’ Consumer Bureau

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Interim Consumer Financial Protection Bureau Director Mick Mulvaney said Thursday that he wants to bring more Trump political appointees on board at the agency as he pores over its books and considers halting dozens of pending cases targeting businesses. “We’re trying to get help over here,” Mr. Mulvaney told The Washington Times in an interview.

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CFPB’s ‘Acting Director,’ As Proclaimed by Outgoing Richard Cordray, Is A Pupil of Elizabeth Warren

Tennessee Star Staff
Elizabeth Warren

Leandra English, the new acting director of the Consumer Financial Protection Bureau appointed by outgoing director Richard Cordray over the Thanksgiving weekend, has filled a key role during many of the crises that have gripped the six-year agency, according to a Daily Caller News Foundation investigation. English was a key aide during the agency’s first, formative…

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