Richard Cordray: “I appreciate deeply the confidence that the President has shown in me, and I thank Professor Elizabeth Warren for her…”

[a]rbitration clauses, as they are used today both in the field of consumer finance and more generally, often have been deliberately designed to block Americans from effective means of vindicating their rights.

We must all hang together or, most assuredly, we will hang separately.

We had known about these types of problems from our own sources, but if any institution feels that they can divide and conquer among the regulators, they should know that that is a mistake.

I think that enforcing the law fairly promotes economic freedom.