November 15, 2017

Statement from Senator Elizabeth Warren on Richard Cordray

Washington, DC - United States Senator Elizabeth Warren (D-Mass.) today released a statement following the announcement of Consumer Financial Protection Bureau (CFPB) Director Rich Cordray's forthcoming resignation:

"At the CFPB, Rich Cordray forced the biggest financial institutions to return $12 billion directly to the people they cheated. He held big banks accountable.  He is a dedicated public servant and a tireless watchdog for American consumers - and he will be missed. The new Director of the CFPB must be someone with a track record of protecting consumers and holding financial firms responsible when they cheat people.  This is no place for another Trump-appointed industry hack."