Kerri Panchuk (Housing Wire)
October 6, 2011

“A majority of the Senate Banking Committee voted to pass President Obama’s nomination of Richard Cordray to lead the Consumer Financial Protection Bureau Thursday morning. …Americans for Financial Reform released a statement Thursday supporting the nomination as it heads to the Senate for a vote. ‘American families want and need someone to level the playing field and prevent tricks and traps in the financial services market,’ said Lisa Donner, executive director of Americans for Financial Reform.  ‘We call on all Senators to stand up for families and confirm Richard Cordray as CFPB director.’ Other consumer agencies weighed in on the Senate Banking Committee’s majority vote for Cordray’s nomination to move forward. ‘The Senate Banking Committee did the right thing this morning,’ said Preeti Vissa of the Greenlining Institute community reinvestment director. ‘Richard Cordray is an outstanding nominee, and CFPB is a vitally important bureau that can’t fully do its job until a director is in place. Threats to filibuster Mr. Cordray’s nomination are nothing less than an assault on American consumers.’” Click here for more.