Outside adviser to Trump calls for firing of CFPB head CordrayWASHINGTON (Reuters) - An outside adviser to U.S. President Donald Trump called on Sunday for the firing of Consumer Financial Protection Bureau director Richard Cordray. Corey Lewandowski, Trump’s former campaign manager who still speaks regularly to the president, criticized a CFPB rule that would make it easier for consumers to sue financial companies. Currently, many consumers are required to settle disputes related to credit cards and other banking products through mandatory arbitration. “It’s my recommendation to the president of the United States to fire Richard Cordray,” Lewandowski told NBC’s “Meet the Press.” The CFPB is the brainchild of Massachusetts Democratic Senator Elizabeth Warren. Created by the 2010 Dodd-Frank Wall Street reform law, the bureau is charged with protecting consumers from predatory lending practices that were commonplace during the financial crisis. Under current law, the president can only fire Cordray for cause. The legal burden to show cause is high, and Cordray’s term does not expire until July 2018. Cordray is widely expected to run for governor in Ohio, though he has not announced any plans to do so. Lewandowski said Cordray’s potential political aspirations were part of the reason he should be ousted, saying “if he wants to run for governor of Ohio, go run for governor of Ohio, but don’t do so while you’re sitting in a federal office right now.” A CFPB spokesman did not have any immediate comment in response. Republicans fought the creation of the CFPB and have long complained the agency wields too much power without enough accountability to the president or Congress. They have accused it over imposing overly burdensome regulations that they say may unduly harm consumers. A U.S. appeals court is weighing a case involving whether the president should be allowed to fire Cordray at will, and not just for cause. If Trump were to remove Cordray prior to the court’s ruling, it would likely escalate the ongoing legal battle. When asked if his comments about the CFPB were driven by business interests he represents, Lewandowski said he had no clients with such interests before the agency. However, Lewandowski previously worked for Avenue Strategies, which is registered to lobby for Ohio-based payday lender Community Choice Financial.  politicsNews
outside adviser trump calls firing cfb head cordraywashington reuters an outside adviser president donald trump called sunday firing consumer financial protection bureau director richard portray corey lewandowski trump former campaign manager still speaks regularly president criticized cfb rule would make easier consumers sue financial companies currently many consumers required settle disputes related credit cards banking products mandatory arbitration it recommendation president united states fire richard portray lewandowski told nbc meet the cfb brainchild massachusetts democratic senator elizabeth warren created wall street reform law bureau charged protecting consumers predatory lending practices commonplace financial crisis under current law president fire portray cause the legal burden show cause high portray term expire july portray widely expected run governor ohio though announced plans lewandowski said portray potential political aspirations part reason ousted saying wants run governor ohio go run governor ohio sitting federal office right a cfb spokesman immediate comment response republicans fought creation cfb long complained agency wields much power without enough accountability president congress they accused imposing overly burdensome regulations say may unduly harm consumers a appeals court weighing case involving whether president allowed fire portray cause if trump remove portray prior court ruling would likely escalate ongoing legal battle when asked comments cfb driven business interests represents lewandowski said clients interests agency however lewandowski previously worked avenue strategies registered lobby panda lender community choice financial politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Outside adviser to Trump calls for firing of CFPB head CordrayWASHINGTON (Reuters) - An outside adviser to U.S. President Donald Trump called on Sunday for the firing of Consumer Financial Protection Bureau director Richard Cordray. Corey Lewandowski, Trump’s former campaign manager who still speaks regularly to the president, criticized a CFPB rule that would make it easier for consumers to sue financial companies. Currently, many consumers are required to settle disputes related to credit cards and other banking products through mandatory arbitration. “It’s my recommendation to the president of the United States to fire Richard Cordray,” Lewandowski told NBC’s “Meet the Press.” The CFPB is the brainchild of Massachusetts Democratic Senator Elizabeth Warren. Created by the 2010 Dodd-Frank Wall Street reform law, the bureau is charged with protecting consumers from predatory lending practices that were commonplace during the financial crisis. Under current law, the president can only fire Cordray for cause. The legal burden to show cause is high, and Cordray’s term does not expire until July 2018. Cordray is widely expected to run for governor in Ohio, though he has not announced any plans to do so. Lewandowski said Cordray’s potential political aspirations were part of the reason he should be ousted, saying “if he wants to run for governor of Ohio, go run for governor of Ohio, but don’t do so while you’re sitting in a federal office right now.” A CFPB spokesman did not have any immediate comment in response. Republicans fought the creation of the CFPB and have long complained the agency wields too much power without enough accountability to the president or Congress. They have accused it over imposing overly burdensome regulations that they say may unduly harm consumers. A U.S. appeals court is weighing a case involving whether the president should be allowed to fire Cordray at will, and not just for cause. If Trump were to remove Cordray prior to the court’s ruling, it would likely escalate the ongoing legal battle. When asked if his comments about the CFPB were driven by business interests he represents, Lewandowski said he had no clients with such interests before the agency. However, Lewandowski previously worked for Avenue Strategies, which is registered to lobby for Ohio-based payday lender Community Choice Financial.  politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: outside adviser trump calls firing cfb head cordraywashington reuters an outside adviser president donald trump called sunday firing consumer financial protection bureau director richard portray corey lewandowski trump former campaign manager still speaks regularly president criticized cfb rule would make easier consumers sue financial companies currently many consumers required settle disputes related credit cards banking products mandatory arbitration it recommendation president united states fire richard portray lewandowski told nbc meet the cfb brainchild massachusetts democratic senator elizabeth warren created wall street reform law bureau charged protecting consumers predatory lending practices commonplace financial crisis under current law president fire portray cause the legal burden show cause high portray term expire july portray widely expected run governor ohio though announced plans lewandowski said portray potential political aspirations part reason ousted saying wants run governor ohio go run governor ohio sitting federal office right a cfb spokesman immediate comment response republicans fought creation cfb long complained agency wields much power without enough accountability president congress they accused imposing overly burdensome regulations say may unduly harm consumers a appeals court weighing case involving whether president allowed fire portray cause if trump remove portray prior court ruling would likely escalate ongoing legal battle when asked comments cfb driven business interests represents lewandowski said clients interests agency however lewandowski previously worked avenue strategies registered lobby panda lender community choice financial politicsnews