Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, released the following statement today in response to the Senate’s vote to confirm Richard Cordray as the director of the Consumer Financial Protection Bureau (CFPB):
“It is with great pleasure that I congratulate Richard Cordray on his long overdue confirmation as Director of the CFPB. Under his leadership, the CFPB has been praised by industry representatives as both “effective” and “accessible.” In addition to establishing a record of collaborative rulemakings, Director Cordray has a strong enforcement record, securing $425 million in relief for over six million consumers from service members to seniors.
I look forward to working with Director Cordray as he continues to lead this agency in its important work on behalf of American consumers. I also look ahead to the opportunity to hear from Director Cordray and his testimony on the CFPB’s semi-annual report.”