In other words, before they even had a chance to objectively evaluate the work and the effort of the Consumer Financial Protection Bureau, and despite the glowing reviews that many industry members were already giving it, my colleagues said, no, shut it down, before it had even begun its important work.
Criticism of colleagues blocking the Consumer Financial Protection Bureau's nominee before its work began.
Share
More from Richard Cordray
I think Congress legislated that limitation to protect service members against being exploited while they are trying to protect and defend our country.
We have to oversee the financial institution. We have to be able to understand the pattern of how they treat their customers.
It is flatly against the law for a debt collector to threaten anyone, let alone a servicemember, with consequences that a debt collector has no ability to carry out.
$11 billion turned back into the economy, in the hands of ordinary working people, is pretty good.