Katie Grant, 202-225-3130
WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) released the following statement today on President Obama's intention to appoint Richard Cordray to head the Consumer Financial Protection Bureau.
“I am pleased President Obama will appoint today the highly qualified Richard Cordray to lead the Consumer Financial Protection Bureau. Mr. Cordray brings to the position a strong record and a commitment to protecting American consumers, homeowners, investors and small businesses. For months, Senate Republicans have distorted the confirmation process and made it clear that they will block Mr. Cordray or any other nominee—regardless of qualifications—to lead this new consumer protection bureau. The American people deserve better, and we can no longer wait to put a referee back on the field to protect American consumers from the excesses and abuses that led to the financial crisis.”