American Financial Services Association

Richard Cordray

Richard Cordray

PeopleAFSA Events2020 AFSA Annual

Richard Cordray

Former Director
Consumer Financial Protection Bureau
Sponsored by ABS

Richard Cordray served for six years as the first Director of the Consumer Financial Protection Bureau. He was appointed by President Barack Obama and confirmed by a bipartisan vote of the Senate. During his tenure, the Bureau returned over $12 billion to 30 million Americans, handled 1.3 million consumer complaints that resolved many individual problems, and adopted new rules to safeguard the mortgage market that caused the financial crisis of 2008 and the deep recession that followed. He is the author of Watchdog, released in March 2020, about consumer protection and the role and importance of the CFPB.

Before joining the Consumer Bureau, Rich served as Ohio’s Attorney General, where he and his team recovered over $2 billion for Ohio’s retirees, investors, and business owners and took major steps to protect consumers from fraudulent foreclosures and financial predators. He also served as Ohio Treasurer, where he led the State’s banking, investment, debt, and financing activities. He previously taught at Ohio State’s law school and served as a state legislator and as Ohio’s first Solicitor General. Rich has argued seven cases before the U.S. Supreme Court, including by special appointment of both the Clinton and Bush Justice Departments.

Rich graduated from Michigan State University’s James Madison College, Oxford University in England, and the University of Chicago Law School. He clerked for U.S. Supreme Court Justices Byron White and Anthony Kennedy. He lives in Grove City, Ohio with his wife Peggy, a law professor at Capital University Law School, and twin children Danny and Holly.

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