Cordray’s Resignation “Deeply Disappointing”

WASHINGTON, D.C., November 15 – Following today’s announcement that Richard Cordray will step down as head of the Consumer Financial Protection Bureau (CFPB), AFJ President Nan Aron released the following statement:

“At a time when the CFPB’s mission is so clearly under attack from special interests and their allies in Congress and the White House, the loss of Richard Cordray as director is deeply disappointing. Under Cordray, the CFPB has ensured that 29 million victims of fraud and abuse obtained over $12 billion in relief. In sharp contrast, the Trump administration has worked to roll back protections and shut the courthouse doors for everyday Americans. We are very concerned that this administration will take this opportunity to further weaken the CFPB by naming a director who will not fight for consumers and working families with the same tenacity that Cordray has, and we will be watching closely to see how this process unfolds.”