For Immediate Release
March 20, 2013
U.S. Senators should stop the assault on the CFPB and hold a vote on the Cordray nomination.
CLEVELAND, OH – Tuesday the Senate Committee on Banking, Housing and Urban Affairs voted to move forward with the nomination of Richard Cordray for Director of the Consumer Financial Protection Bureau. Now it’s time for a full Senate vote to confirm Cordray’s nomination.
Cordray has won praise from bankers and consumer advocates, and from Republicans as well as Democrats. Yet the nomination and the vital work of the CFPB are in peril. That’s because 43 Senators are threatening to block a full floor vote unless the bureau's structure is changed to drastically reduce its authority and funding. These changes would weaken the bureau and leave American consumers without a voice among federal financial regulators.
“The last year has shown the nation what ESOP has known all along,” said Mark Seifert, ESOP’s Executive Director, “that Richard Cordray works in a fair, transparent and professional way to protect American consumers while balancing the needs of responsible players in the financial industry. All the negative predictions about how the CFPB would hurt the industry have not come true. It’s time to stop coming up with bogus excuses to block this nomination and the work of the bureau.”
We urge Ohio consumers to speak up. Tell our Senators to stop the attack on the CFPB and hold a full floor vote on Cordray’s nomination.
- Tell Senator Rob Portman to
support the CFPB today!
Washington, D.C.: 202-224-3353
Ohio Toll-Free: 1-800-205-OHIO (6446)
- Thank Senator Sherrod Brown for
his support for Ohio consumers and the CFPB.
Washington, D.C.: 202-224-2315
Ohio Toll Free: 1-888-896-OHIO