Richard Cordray Resigns as Head of Consumer Financial Protection Bureau

HE’S RUNNING

Updated Nov. 15, 2017 2:10PM EST / Published Nov. 15, 2017 12:11PM EST

Jonathan Ernst/Reuters

Richard Cordray announced his resignation on Wednesday as director of the Consumer Financial Protection Bureau, Bloomberg reported. He will leave the watchdog group at the end of the month, though his term was not set to expire until summer 2018. The CFPB was created under President Obama in response to 2008 financial crisis. Cordray's decision comes amid speculation that he will run for governor of Ohio as a Democrat.

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Richard Cordray Resigns as Head of Consumer Financial Protection Bureau

Jonathan Ernst/Reuters