House Financial Services Chairman Jeb Hensarling (R-Texas) has asked an independent legal official to investigate whether CFPB Director Richard Cordray is violating federal law against campaigning for a political position while in office.
The request is the latest in a Republican barrage against the CFPB.
In a Friday letter to Acting Special Counsel Adam Miles, Hensarling cites press reports in Cordray's home state of Ohio that strongly suggest that the CFPB director is preparing to run for the Democratic nomination for governor.
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