Maloney praises the nomination of Richard Cordray to head the CFPB

WASHINGTON, DC – January 25, 2013 – (RealEstateRama) — Today, Rep. Carolyn Maloney (D-12-NY) welcomed President Obama’s re-nomination of Richard Cordray to lead the Consumer Financial Protection Bureau (CFPB) and issued the following statement:

“Richard Cordray has done a superb job as Director of the Consumer Financial Protection Bureau and I’m delighted that the President has formally re-nominated him. He has been a strong leader– establishing the Bureau’s infrastructure and executing the Bureau’s mission of working for a level playing field between consumers and financial institutions. The body of work under his leadership, from reigning in irresponsible mortgage lending to implementing my Credit Card Act, has gained praise from consumers and the financial industry. Rich has proven to be fair and open with all stakeholders as the Bureau conducts its work. I hope the Senate moves quickly to confirm him.”

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