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January 25, 2013

Cordray Re-Nominated to Continue Heading Consumer Protection Bureau 
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President Obama has announced the re-nomination of Consumer Financial
Protection Bureau Director Richard Cordray.

President Obama: "Richard's appointment runs out at the end of the year
and he can't stay on the job unless the Senate finally gives him the
vote that he deserves. Financial institutions have plenty of lobbyists
looking out for their interests. The American people need Richard to
keep standing up for them and there's absolutely no for the Senate to
wait any longer to confirm him."

Obama gave Cordray a recess appointment last year in defiance of
Republicans, who refused to confirm him after failing to stop the
Consumer Protection Bureau’s creation in 2010.

 

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