May 4, 2021
COLUMBUS (AP) — A former federal consumer watchdog and Democratic nominee for Ohio governor has landed his next job.
The U.S. Department of Education announced Monday that Richard Cordray has been selected as its chief operating officer of federal student aid.
Cordray, 62, previously served as Ohio treasurer and attorney general and as the first head of the Consumer Financial Protection Bureau under Democratic President Barack Obama and, briefly, Republican President Donald Trump.
Cordray stepped down from his watchdog role to run for governor in 2018, a race he lost to Republican Gov. Mike DeWine.
In his new role, he will be responsible for managing the student financial assistance programs authorized under Title IV of the Higher Education Act of 1965, including grants, work-study and loans for students attending college or career school, the department said in a release.