WASHINGTON, DC – Rep. Carolyn Maloney (D-NY), senior member of the House Financial Services Committee and one of the authors of the Dodd–Frank Wall Street Reform and Consumer Protection Act which created the Consumer Financial Protection Bureau (CFPB), today hailed the appointment of Hubert H. “Skip” Humphrey, former Attorney General of Minnesota, and the new chief of the Office of Older Americans within the CFPB.
“I am so pleased with the appointment of Skip Humphrey as the new head of the Office of Older Americans,” Maloney said. “His commitment to consumer protection as Minnesota’s Attorney General, along with his breadth of experience as Minnesota State President of the American Association of Retired Persons and one of their national board members will serve the CFPB exceptionally well. I wish Skip all the best in his new position.”
“Financial services can be particularly treacherous for seniors and I have no doubt that Skip will bring his knowledge, passion and experience to fulfill the mission of helping seniors understand the financial products which are so crucial to their lives—and help them spot and avoid scams so they can hang on to their savings and homes,” Maloney said. “This is just one more example of the high-caliber talent that the CFPB has been able to attract.”
“I only wish that the Senate would act to confirm the nomination of Richard Cordray as CFPB Director so the Bureau can exercise its full range of statutory authority.”