|Richard Cordray, photo courtesy of Wikipedia.|
I received word this morning of Obama’s recent appointment of Richard Cordray as the first director of the Consumer Financial Protection Bureau in an email from Elizabeth Warren:
This is an important day. Today, the Consumer Financial Protection Bureau gets its first director -- and its full powers. President Obama gave Richard Cordray a recess appointment that Republicans cannot block.
Please join me and tell Richard Cordray we're with him all the way: Click here to sign my online card now and deliver a strong message of support to an important advocate!
For months, determined as ever to protect Wall Street and the big banks instead of you, Republicans stymied the consumer agency from doing its job. Republicans demanded changes that would weaken the agency and its ability to protect you, and they filibustered the nomination of Richard Cordray as its director.
The big banks were winning once again until today -- when President Obama gave Cordray a recess appointment!
This is a big deal for middle class families in Massachusetts and across our nation.
For more than a year, we've seen and heard reports exposing how some of America's largest financial institutions broke the law. Maybe that's why Wall Street continues to set new spending records hiring lobbyists to shift attention away from their wrongdoings.
As a result, those who broke our economic system haven't been subject to full scrutiny. But with Richard Cordray in place at the CFPB, we can start moving toward real accountability over the big banks.
Please join me in celebrating the end of the Republican roadblock preventing the consumer agency from moving forward -- and tell Richard Cordray we stand with him in this important fight for middle-class families.
The public is paying attention to this fight -- including thousands who signed our petition urging that Rich get this position.
We've worked hard together to get this far. We should celebrate -- and keep right on working. Let's show there's real momentum behind Cordray's leadership.
Thank you for being a part of this,