This afternoon, Pew Charitable Trusts will host an event in Washington, D.C. focusing on Ohio’s Fairness in Lending Act. Enacted in July 2018, the Act places new limitations on payday loans including an interest rate cap, a limit on the total cost of a loan, and other structural restrictions. The Act is viewed as a significant victory for consumer advocates with the potential to be followed through legislation in other states or through ballot initiatives. … Continue Reading
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Cordray announces candidacy for Ohio governor
By Barbara S. Mishkin on
Posted in CFPB General, Regulatory and Enforcement
Ending many months of speculation, former CFPB Director Richard Cordray announced yesterday that he is running for Ohio governor.
Mr. Cordray’s announcement makes him the fifth Democrat to enter the race. The primary will be held on May 8, 2018.
What is Ohio’s filing deadline for candidates for governor?
By Barbara S. Mishkin on
Posted in CFPB General, Regulatory and Enforcement
With many observers expressing surprise that Director Cordray has not yet announced that he plans to run for Ohio Governor as the Democratic candidate, there has been curiosity as to Ohio’s filing deadline for candidates.
According to the 2018 Ohio Candidate Requirement Guide issued by the Ohio Secretary of State party candidates for Governor are subject to a filing deadline of 4 p.m.… Continue Reading
More speculation about Director Cordray’s resignation
By Alan S. Kaplinsky on
Posted in CFPB General, Regulatory and Enforcement
On July 20, we reported that Director Cordray is scheduled to give a speech at the September 4 Cincinnati AFL-CIO Labor Day picnic. Assuming the speculation that Director Cordray plans to run for Ohio governor is accurate, that event seemed to be an ideal venue for him to announce his candidacy.… Continue Reading