Political Quotes

“I rise to speak in favor of Rich Cordray's nomination as Director of the Consumer Financial Protection Bureau and to urge a vote on his nomination. The enactment of the Dodd-Frank law last Congress is a triumph for consumers. This landmark law reins in the abusive and predatory practices of bad actors in the financial industry and protects consumers through the creation of the Consumer Financial Protection Bureau. The CFPB will empower consumers by giving them the knowledge and tools they need to make responsible financial decisions and will level the playing field by policing and curtailing the unfair practices of some unscrupulous banks and financial institutions. I applauded the creation of the CFPB and have heard from Connecticut residents who want the consumer protections that the CFPB will provide. Last month, President Obama nominated former Ohio attorney general Rich Cordray to serve as the Director of the CFPB. This is an inspired choice. Rich has dedicated his career to protecting and educating consumers: he has vigorously pursued lenders that employed abusive and fraudulent foreclosure practices like robo-signing and he has repeatedly gone after financial institutions that weakened employees' pension funds by concealing material information from investors.…”