July 16, 2013

Sen. Warren's Statement on Cloture Vote for Rich Cordray's Nomination

WASHINGTON, DC - United States Senator Elizabeth Warren today released the following statement on the Senate's vote to invoke cloture on Richard Cordray's nomination as Director of the Consumer Financial Protection Bureau:

"After more than 700 days of waiting, Rich Cordray will finally get the confirmation vote he deserves from the U.S. Senate.  Director Cordray has won praise from consumer and industry groups, and from Republicans and Democrats, for his fair and effective approach.  With Director Cordray's confirmation, we will be able to say loudly, clearly, and with confidence:  the consumer agency is the law of the land and is here to stay.  We fought hard for the agency, and we proved that big change is still possible in Washington.  Now we have the watchdog that the American people deserve - a watchdog looking out for middle class families, getting rid of tricks, traps, and fine print, and holding financial institutions accountable when they break the law."