Obama Should Appoint Cordray to Consumer Bureau During Recess

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.