Richard Cordray has been renominated to serve a full term as the Consumer Financial Protection Bureau (CFPB) Director. His leadership has won praise from Republicans and Democrats alike, as well as from bankers and consumer advocates. Yet, for two years, a group of senators has held his appointment hostage to a set of unreasonable demands with ulterior motives.
The choice before the Senate is simple: allow an up-or-down vote on this nomination.
We need the CFPB to be effective. We urge the Senate to reject the use of the confirmation process—and the filibuster—to undo legislation passed by wide majorities in the House and Senate, signed by the president, and supported by large majorities of the public.
National Council of La Raza
The Consumer Financial Protection Bureau (CFPB) was created to address prolific abusive and deceptive lending practices that caused an epidemic of foreclosures, afflicted millions of Americans...
The Consumer Financial Protection Bureau (CFPB) was created to address prolific abusive and deceptive lending practices that caused an epidemic of foreclosures, afflicted millions of Americans with unmanageable debt, and triggered an ongoing economic calamity.
Under Richard Cordray's leadership, the CFPB has ably started fulfilling its mission by returning nearly half a billion dollars to consumers cheated by credit card companies, moving to end the era of mortgages designed to rake in up-front fees before they self-destruct, standing up for students and families trapped in high-cost education loans, and protecting military families against illegal foreclosures and deceptive education-loan practices. It is doing all this and more, while operating with refreshing candor, transparency, and frequent outreach to the public—all this with steady oversight from Capitol Hill.
Tell the Senate Richard Cordray needs to be reappointed as Director of the CFPB today!