May 03, 2021

Statement on Richard Cordray's Appointment to Lead Federal Student Aid

Boston, MA - United States Senator Elizabeth Warren (D-Mass.) released the following statement on the Biden administration's naming Richard Cordray to lead the office of Federal Student Aid at the Department of Education.

"Rich Cordray has spent years fighting on behalf of American families. Rich was a fearless and effective leader at the Consumer Financial Protection Bureau where he held big banks accountable and forced financial institutions to return $12 billion directly to the people they cheated. I'm very glad he will get to apply his fearlessness and expertise to protecting student loan borrowers and bringing much needed accountability to the federal student loan program."