Washington, DC – Today, the National Community Reinvestment Coalition applauded the Senate confirmation of Richard Cordray as Director of the Consumer Financial Protection Bureau (CFPB). NCRC President and CEO John Taylor made the following statement:
“Chalk one up for consumers. Big money didn’t want to see the Consumer Financial Protection Bureau created or a talented leader like Richard Cordray confirmed. Consumers have won on both counts. We are very, very pleased that the CFPB will continue to have Richard Cordray at the helm.”
“From the CFPB’s enforcement action against Capital One for deceptive and abusive credit card practices, to the many new consumer protections and accountability mechanisms the CFPB has implemented, the agency has had an enormous positive impact in its short existence. Richard Cordray’s leadership played a big role in that success. His continued service as Director is very good news for consumers.”
NCRC previously applauded President Obama’s 2012 recess appointment of Richard Cordray to lead the CFPB, and also applauded his January 2013 renomination.
About the National Community Reinvestment Coalition (NCRC):
The National Community Reinvestment Coalition is an association of more than 600 community-based organizations that promote access to basic banking services, including credit and savings, to create and sustain affordable housing, job development, and vibrant communities for America’s working families.
