Learn more about our policy experts.

Media Contacts

Angela Bradbery, Director of Communications
w. (202) 588-7741
c. (202) 503-6768
abradbery@citizen.org, Twitter

Don Owens, Deputy Director of Communications
w. (202) 588-7767

Karilyn Gower, Press Officer
w. (202) 588-7779

David Rosen, Press Officer, Regulatory Affairs
w. (202) 588-7742

Other Important Links

Press Release Database
Citizen Vox blog
Texas Vox blog
Consumer Law and Policy blog
Energy Vox blog
Eyes on Trade blog

Follow us on Twitter


Oct. 6, 2011 

Senate Republicans Must Cease Political Extortion, Stop Using Confirmation Process to Gut Consumer Banking Protection

Statement by Bartlett Naylor, Financial Policy Advocate, Public Citizen’s Congress Watch Division

Public Citizen denounces today’s anti-consumer assault by Republican senators during the Senate Committee on Banking, Housing and Urban Affairs vote on the nomination of Richard Cordray to head the Consumer Financial Protection Bureau.

Congress created this keystone agency of the Dodd-Frank Wall Street Reform and Consumer Protection Act to combat “unfair, deceptive and abusive” banking practices. But large bank lobbyists and their supporters in Congress have fought the CFPB at every juncture, with bizarre congressional hearings questioning the zeal of chief architect Elizabeth Warren, attacks on its budget and now a refusal to permit the confirmation of its proposed agency head – for reasons having nothing to do with the nominee’ qualifications.
None of these senators raised objections to Cordray during his Sept. 6 nomination hearing. In fact, ranking member U.S. Sen. Richard Shelby (R-Ala.) called the qualifications of Cordray, a former Ohio attorney general, Marshall scholar at Oxford and clerk to U.S. Supreme Court Justice Anthony Kennedy, “good.”  But Shelby has acknowledged that there’s another fight he’s waging, and blocking Cordray’s nomination will be his weapon. In the spring, Shelby organized 44 Republican senators to pledge they’d exploit Senate rules to block any nominee if President Barack Obama doesn’t eviscerate the powers of this critical new agency.

There are consequences to the Republicans’ reckless actions. The Republicans choose to make a political point at the expense of the low-income workers forced into exorbitant payday loans and other victims of predatory banking abuses that require a confirmed CFPB director to combat.
Public Citizen is a national, nonprofit consumer advocacy organization based in Washington, D.C. For more information, please visit www.citizen.org.


Copyright © 2016 Public Citizen. Some rights reserved. Non-commercial use of text and images in which Public Citizen holds the copyright is permitted, with attribution, under the terms and conditions of a Creative Commons License. This Web site is shared by Public Citizen Inc. and Public Citizen Foundation. Learn More about the distinction between these two components of Public Citizen.

Public Citizen, Inc. and Public Citizen Foundation


You can support the fight for greater government and corporate accountability through a donation to either Public Citizen, Inc., or Public Citizen Foundation, Inc.

Public Citizen lobbies Congress and federal agencies to advance Public Citizen’s mission of advancing government and corporate accountability. When you make a contribution to Public Citizen, you become a member of Public Citizen, showing your support and entitling you to benefits such as Public Citizen News. Contributions to Public Citizen are not tax-deductible.

Public Citizen Foundation focuses on research, public education, and litigation in support of our mission. By law, the Foundation can engage in only very limited lobbying. Contributions to Public Citizen Foundation are tax-deductible.