Richard Cordray announced Wednesday that he was stepping down. Cordray was the director of the federal consumer watchdog agency created by President Barack Obama. He did not provide a reason for his departure. shortly after the announcement was made, The Columbus Dispatch reported that Cordray, a Democrat, would run for governor of Ohio in 2018. The White House and many Republicans have been highly critical of the consumer agency for years, claiming its regulatory efforts stifle economic growth.