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.
The evidence? A partially redacted email.
Cordray 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).
The Segue
MHProNews recently questioned Skopos Labs for its sudden increase in the odds of passage of Preserving Access.
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.
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.
Will this get any further than Secretary Hillary Clinton’s far more numerous, problematic emails? “We Provide, You Decide.” © ## (News, analysis.)
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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.