Wednesday, January 11, 2012

Protecting consumers: Cordray hits the ground running

Richard Cordray. Photo courtesy of

In the interval between the NH and SC primaries, the GOP is likely to turn its attention back to its efforts to undermine Obama’s recess appointment of Richard Cordray to direct the Consumer Financial Protection Bureau. That’s why Elizabeth Warren is rallying the troops to defend Cordray and the agency she founded.

I just got this email from the Warren campaign:


On the second day of a new job, most people are still filling out paperwork and finding the cafeteria.
But not Richard Cordray.

Just one day after President Obama appointed Richard to lead the Consumer Financial Protection Bureau -- bypassing the Senate Republicans -- he got to work.

He made clear his intent to use his authority as Director to level the playing field for middle class families and to rein in the sorts of abusive lending practices that nearly brought down the economy.

With Richard Cordray on the job, consumers already are seeing a big difference. We want to show Rich we're with him, and Elizabeth is going to personally deliver our online card to him when she next sees him. If you haven't signed it yet, there's still time.

Many outside analysts and observers expect there will be fierce legal challenges to Cordray's appointment from those who want him out.

Republicans are still reeling over their inability to block his nomination, and the big banks have a lot on the line with the new agency's success. We've also seen Wall Street continue to set new spending records hiring lawyers and lobbyists to shift attention away from their wrongdoing.

We've worked hard together to get this far. With Richard Cordray in place at the new consumer agency, we can start moving toward real accountability over the big banks and better protections for consumers.

The public is paying attention to this fight -- including thousands who signed our petition urging that Rich get this important job. Middle class people in Massachusetts and around this country are tired of getting hammered by the same characters time after time.

This is a big deal for everyone who thinks it's time for a level playing field that gives middle class families a fair chance to get ahead.

Thanks for your support,
Mindy Myers
Campaign Manager
Elizabeth for MA

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