Saturday, December 10, 2011

Consumer Financial Protection Bureau: Let's have a recess appointment, Barack

Tell President Obama: Make Richard Cordray director of the Consumer Financial Protection Bureau in a recess appointment.

Dear James,

This week Republican senators blocked the confirmation of Richard Cordray as the director of the Consumer Financial Protection Bureau, not because they oppose Cordray, but because they oppose the Bureau itself.

In fact, 45 Republican Senators have shown that they will do anything to protect the interests of Wall Street, and have pledged to block the nomination of any nominee President Obama puts forth to lead the Bureau.

Given this Republican obstructionism, the only way for President Obama to ensure that the Consumer Financial Protection Bureau can begin its work protecting consumers is through a recess appointment.

Tell President Obama to stand up to Republicans who oppose the bureau and do the right thing for consumers by appointing Cordray during the upcoming Congressional recess. Click here to automatically sign the petition.

Cordray is already the director of enforcement at the agency, and its founder, Elizabeth Warren, fully supports his nomination. She went so far as to say that:

"Rich has always had my strong support because he is tough and he is smart — and that's exactly the combination this new agency needs. He was one of the first senior leaders I recruited for the agency, and his work and commitment have made it clear that he will make a stellar director."

As Warren's protégé, we have confidence that Cordray will work hard to represent the rights of consumers and will stand up to Wall Street.

Without a director, the Bureau will be unable to do the job it was created to do — protect consumers from the predatory practices of financial institutions. It's time for President Obama to do the right thing and protect consumers by appointing Cordray as director in a recess appointment.

Tell President Obama he needs to make Richard Cordray the head of the Consumer Financial Protection Bureau in a recess appointment.

Click below to automatically sign the petition:

Thank you for speaking out to protect consumers.

Ali Rozell, Campaign Manager
CREDO Action from Working Assets

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