Dec. 8, 2011

Obama Should Appoint Cordray to Consumer Bureau During Recess

Statement of Robert Weissman, President, Public Citizen

In blocking confirmation of Richard Cordray – universally considered qualified for the job – to head the Consumer Financial Protection Bureau, the Republican caucus in the Senate today sent a clear message: They stand with Wall Street donors rather than American consumers. Now it is time for President Barack Obama to end the needlessly drawn out process of installing a leader for the CFPB by making Cordray head of the agency through a recess appointment.

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Public Citizen is a national, nonprofit consumer advocacy organization based in Washington, D.C. For more information, please visit www.citizen.org.