Richard Cordray, the country’s chief consumer watchdog and a totem of the Obama-era banking regulations Republicans are anxious to abolish, will join House Democrats at their weekly caucus meeting on Wednesday.
As director of the Consumer Financial Protection Bureau, Cordray has long been in the GOP’s crosshairs. Republicans have been ratcheting up calls to fire the former Ohio attorney general and abolish the agency since President Donald Trump took over the White House.
“The important work of the Consumer Financial Protection Bureau protects the hardest-working Americans and our economy. I look forward to hearing from Director Cordray on what more can be done to ensure we have a financial sector that benefits all Americans,” House Democratic Caucus Chairman Joe Crowley (D-N.Y.) said in a statement confirming the meeting.
Crowley invited Cordray to address the caucus at the request of Rep. Maxine Waters (D-Calif.), top Democrat on the House Financial Services Committee.
Waters and other Democrats have forcefully defended Cordray, most recently during a heated April hearing at which Financial Services Chairman Jeb Hensarling (R-Texas) reiterated calls for his ouster.
Cordray, whose term atop the CFPB expires in July 2018, is rumored to be considering a bid for Ohio governor next year.
Some of Cordray’s fiercest critics have informally put together a dossier they say would give Trump cover to oust him. But the White House has so far held back, not wanting to boost Cordray’s potential gubernatorial prospects by making him a martyr.