Schumer Statement on CFPB Director Cordray’s Decision to Step Down
November 15, 2017Washington, D.C. – U.S. Senator Chuck Schumer today released the following statement regarding Richard Cordray’s announcement he will be stepping down as the director of the Consumer Financial Protection Bureau (CFPB):
“Richard Cordray was an ideal person to serve as the first director of the CFPB. He brought energy, passion, and a zealous commitment to doing right by consumers to the job, and has set the mold for all future directors of the CFPB. He’ll be sorely missed.
“The Trump administration has a troubling pattern of appointing individuals with contempt towards government agencies to run those very departments. They’ve repeatedly assigned foxes to guard the hen house, but I hope they won’t do that with the CFPB.
“The nominee to replace Mr. Cordray should have a proven record of putting consumers before the special interests and pledge to do so as the CFPB director. That will be the standard by which the Senate judges this nomination.”
Next Previous