Trio of Senate Democrats Stage Event Today to Defend CFPB, Push for Cordray’s Confirmation (Feb. 13, 2013)
Feb. 13, 2013
Three members of the Senate Banking Committee will hold a press conference today at 2:30 p.m. at the U.S. Capitol to discuss the future of the Consumer Financial Protection Bureau (CFPB) and how Senate Republicans are “circumventing the traditional democratic process” by stalling on the confirmation of its director, Richard Cordray. Sens. Elizabeth Warren, (D-Mass), Jack Reed, (D-R.I.) and Sherrod Brown, (D-Ohio) will discuss the reasons why Congress created the CFPB in 2010 and significant steps the agency has taken so far “to help consumers and strengthen our financial marketplace,” according to a press release.
Earlier this month, 43 Republican senators sent a letter protesting the CFPB’s independence, vowing to oppose any nominee to lead the agency.
