Congressman Gregory W. Meeks Statement on Richard Cordray’s Nomination to head CFPB

PRESS RELEASE

July 17, 2011

Congressman Gregory W. Meeks Statement on Richard Cordray’s Nomination to head CFPB

(WASHINGTON, DC)– Congressman Gregory W. Meeks (NY-6), Senior Member of the House Financial Services Committee, released the following statement on President Obama’s decision to nominate Richard Cordray to head the Consumer Financial Protection Bureau:

“I congratulate Mr. Richard Cordray on his nomination to serve as the Director of the Consumer Financial Protection Bureau. As a former state attorney general and current director of enforcement at the new bureau, Mr. Cordray has a strong reputation as a consumer advocate.

“The CFPB is a vital product of the effort to enact meaningful financial reform, designed to protect consumers from unscrupulous products and predatory lending. I believe Mr. Cordray will work diligently to implement prudent, commonsense protections for all consumers.

“I also congratulate President Obama on making an excellent selection.