Today, the Senate Committee on Banking, Housing and Urban Affairs is holding a hearing on the nomination of Richard Cordray to head the Consumer Financial Protection Bureau (CFPB). It’s the beginning of what will be a very big fight.
Wall Street and Republicans don’t want CFPB oversight and have made clear their intentions to sabotage this important agency in any way to prevent it from protecting consumers. Since the CFPB requires a permanent director in order to operate with full authority, Senate Republicans see defeating the nomination of Richard Cordray as priority #1 in crippling the Bureau.
We need to keep significant pressure on Senate Democrats to stand unified and use every tool they can to confirm Cordray. And we need to keep grassroots pressure on Republicans to challenge the financial industry’s iron grip on their party and do the right thing for American consumers.
Cordray was picked by Professor Elizabeth Warren to be one of her top deputies in setting up the CFPB. As Ohio’s attorney general, Cordray earned a reputation of being tough on the financial industry. He was among the first attorneys general to take action in the nationwide foreclosure investigation into the mishandling of paperwork and successfully sued AIG, exposing banks’ use of hidden fees and other consumer exploitations.
After you sign the petition, please call your senators’ office to back up the message.
Help us get the Consumer Financial Protection Bureau working! Help to confirm Richard Cordray as its director. www.pfaw.org
— Ben Betz, Online Strategy Manager
This will be a sustained campaign that could call for various actions and constituent contacts, but the petition is the way we want to register support for Cordray first and foremost. If we can get enough Americans to sign, we’ll be able to make a splash on Capitol Hill when we deliver the signatures to the Senate




You must be logged in to post a comment.