Does CFPB’s Richard Cordray Have His Own Email Legal Issue Brewing? Report

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Credit: CNN Money.

The Consumer Financial Protection Bureau’s (CFPB) Richard Cordray was widely rumored to be preparing for a run as a Democratic candidate for Governor of Ohio.

Rick Robinson, Manufactured Housing Institute (MHI) SVP and General Counsel, is among those who have recently said before a live audience in Deadwood, SD that those odds for Cordray’s rumored run are way down now.

But while Cordray may nor may not be pursing the governor’s mansion in the Buckeye State, what is brewing is a new controversy that Washington, D.C.’s Free Beacon is fueling about his possible violation of the Hatch Act.

HatchActProhibitsPoliticalActivityByAppointedFederalExecutiveOfficialWikipediaDailyBusinessNewsMHProNewsThe evidence?  A partially redacted email.

RichardCordrayRunGovHatchActViolationOhioDailyBusinessNewsMHProNewsCordray is widely known in manufactured housing industry circles for his firm stance against modifying two provisions of current CFPB regulations, the so-called MLO rule, and higher points and fees sought mainly by Berkshire Hathaway lenders, via the MHI backed Preserving Access to Manufactured Housing Act (HR 1699).

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The House Financial Services Committee tells MHProNews that HR 1699 is coming up for a hearing on Wednesday, Oct 11, 2017.

The Segue

MHProNews recently questioned Skopos Labs for its sudden increase in the odds of passage of Preserving Access.

HR1699PreservingAccessManufacturedHousingActSkoposLabsDailyBusinessNewsMHProNews
Given the politically charged allegations of “racism,” “near monopoly,” “steering,” and “predatory lending” by Democratic lawmakers, it seemed odd that Skopos reported the odds higher a few weeks before. After MHProNews’ inquiry, the odds of passage per Skopos were revised back down. MHProNews isn’t claiming we influenced the odds, rather, we journalistically questioned what should have been obvious to Skopos, the MH Industry and by implication, MHI.

When this updated report was checked today, Skopos now tells GovTrack that the odds for passage of MHI’s bill stands at a scant 7 percent.

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Doesn’t MHI owe its own dues paying members and the industry the full truth? Screen capture of the Preserving Access relevant parts of the latest MHI’s email to their members.

Those are among the facts that MHI fails to disclose to its members, focusing instead on their numbers of how many emails are being sent to legislators, or the various efforts they have in their 5 year plus odyssey for passing the prior versions of this bill.

The Questioned Cordray Email

Per the Free Beacon and Scribd, here below is the email in question that may be construed as a Hatch Act violation.

RichardCordrayPossibleHatchActViolationFreeBeaconScribdDailyBusinessNewsMHProNews

Will this get any further than Secretary Hillary Clinton’s far more numerous, problematic emails?  “We Provide, You Decide.” ©  ## (News, analysis.)

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

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