Frank Statement on the Nomination of Richard Cordray to Head the CFPB
Congressman Barney Frank today released the following statement regarding the nomination of Richard Cordray to head the Consumer Financial Protection Bureau.
"I have strongly supported Elizabeth Warren and she would be my first choice for the position. I regret that she has fallen victim to such wholly unjustified political attacks."
"The President has made the second best appointment possible. Richard Cordray is an excellent choice as Elizabeth Warren herself indicated when she picked him to lead the enforcement division. His experience as a state attorney general is particularly valuable because one of his most important responsibilities will be to prevent attempts to pre-empt state consumer laws."
"There is no excuse for Senate Republicans to refuse to confirm Richard Cordray given his clear qualifications for this job."