Cordray’s Confirmation: A Victory For the Nation
Center for Responsible Lending
July 16, 2013
Today marks an historic moment. After two years of a roller coaster ride following hard-won reform, Director Richard Cordray has been confirmed. The nation now has a fully empowered Consumer Financial Protection Bureau and can fully focus on the job Congress asked it to do three years ago. As businesses compete under the same set of rules, working families will receive fair financial services.
We celebrate this great achievement and look forward to working with the Director to bring overdue relief to families who have dealt with abusive financial practices for far too long.
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About the Center for Responsible Lending
The Center for Responsible Lending is a nonprofit, nonpartisan research and policy organization dedicated to protecting homeownership and family wealth by working to eliminate abusive financial practices. CRL is affiliated with Self-Help, one of the nation's largest community development financial institutions.