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Blumenthal Statement On Senate Confirmation Of Richard Cordray To Head Consumer Financial Protection Bureau

(Washington, DC) – Today, U.S. Senator Richard Blumenthal (D-Conn.) issued the following statement after the Senate confirmed Richard Cordray to head the Consumer Financial Protection Bureau (CFPB) by a vote of 66-34:

“Today is a great day for consumers and democracy. I am delighted and proud that Richard Cordray’s nomination broke through the crippling gridlock of the United States Senate. The American people need and deserve a cop on the beat to protect them from deceptive, abusive and predatory financial products. As Attorney General of Ohio and Acting Director of the CFPB, Richard Cordray has proven time and again that he will be a strong advocate and that he is committed to standing up for working families. Whether looking at mortgages or credit cards, loans or bank accounts, all Americans must have sound information and robust consumer protections. Now, with Senate confirmation, Richard Cordray and the CFPB stand ready to provide those protections and fulfill the mission of this critical agency.”