New Trump CFPB Director Shortlister Swimming in Money from Payday Lenders and Other CFPB-Regulated Industries

Ohio State Rep. Jonathan Dever Has Taken Nearly $80,000 from Industries Regulated by the CFPB


WASHINGTON, D.C. – American Banker reports the Trump White House has added yet another name to the shortlist of men being considered for nomination to the post of Director of the Consumer Financial Protection Bureau (CFPB): State Representative Jonathan Dever, an Ohio Tea Party-backed Republican.

Those hoping for a nominee untainted by financial interest money or ties to the industry they would be charged with overseeing if confirmed, will be sorely disappointed with Dever, like every other man on Trump’s short list. In just the past few years, Dever has taken nearly $80,000 from key industries regulated by the CFPB including more than $28,000 from predatory payday lenders.

American consumers want a CFPB director who will hold big banks, predatory lenders, and Wall Street special interest accountable, not someone who is swimming in campaign contributions from the very industries they would be overseeing in the post. Jonathan Dever, like everyone else on Trump’s short list for CFPB director, is tied to the hip of financial bad actors,” said Karl Frisch, executive director of Allied Progress.

He continued, “Dever lacks the independence and objectivity required to carry out the CFPB’s important mission. In short, his record is a disqualifier and merits no further consideration. It is time for President Trump to compromise and pick a CFPB director that will hold industry accountable, protect consumers, and earn the bipartisan support of Senators in both parties.”

BACKGROUND:

Dever has received more than $78,000 from key actors in the financial sector, which is regulated by the CFPB.

  • As an Ohio state representative, Jonathan Dever has received $78,403 in campaign contributions from the financial, insurance and real estate sector. [Follow the Money search for Jonathan Dever, accessed 01/19/17]

Dever has received more than $28,000 in campaign contributions from the payday lending industry which has been one of his top ten industry contributors.

  • As an Ohio state representative, Jonathan Dever has received $28,123 in campaign contributions from the payday lending industry. During his political career, the payday lending industry has been one of Dever’s top ten industry contributors. [Follow the Money search for Jonathan Dever, accessed 01/19/17]

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