Reps. Maloney, Frank and House Financial Services Committee members congratulate Richard Cordray upon his appointment as first Director of the CFPB
WASHINGTON, DC – Reps. Carolyn Maloney (D-NY), Barney Frank (D-MA) and 20 other Democratic members of the House Financial Services Committee sent a letter today to Richard Cordray, newly-named Director of the Consumer Financial Protection Bureau, congratulating him on his historic appointment.
“We share your goal of making markets for consumer financial products and services work for all Americans and we look forward to working with you,” the lawmakers wrote.
The full letter follows below.
January 11, 2012
The Honorable Richard Cordray
Consumer Financial Protection Bureau
1801 L St. NW,
Washington DC 20036
Dear Director Cordray:
We write to congratulate you on becoming the first Director of the Consumer Financial Protection Bureau (CFPB). With President Obama’s bold step, we are that much closer to giving Americans the full range of consumer protections they need and deserve. Your laudable career in public service as Ohio’s Attorney General and Director of the CFPB’s Division of Supervision and Enforcement exceptionally qualifies you for the position. This has been recognized even by our Republican colleagues, most of whom opposed the creation of a strong watchdog agency designed to protect consumers, veterans, investors and the stability of our financial system.
We write to express our support of you and your efforts in the coming year. We share your goal of making markets for consumer financial products and services work for all Americans and we look forward to working with you.
CAROLYN B. MALONEY
LUIS V. GUTIERREZ
GARY C. PETERS
WILLIAM LACY CLAY
STEPHEN F. LYNCH
MICHAEL E. CAPUANO