Attorney General Kamala D. Harris Issues Statement on the Appointment of Richard Cordray to Lead the Consumer Financial Protection Bureau

Wednesday, January 4, 2012
Contact: (415) 703-5837, agpressoffice@doj.ca.gov

SAN FRANCISCO - Attorney General Kamala D. Harris today released the following statement on the appointment of Richard Cordray as Director of the Consumer Financial Protection Bureau:

“American families finally have the consumer advocate we’ve needed for so long: Richard Cordray, the director of the Consumer Financial Protection Bureau. I applaud the President's decisive action in appointing Richard to this important position. I’ve heard countless stories from California families who have been victimized by mortgage brokers, payday lenders, and debt collectors. We’re at a critical moment for the middle-class in America, and we urgently need strong oversight of our financial institutions and accountability for wrongdoing. Richard Cordray is the right person at the right time to get this job done and be a strong partner with state attorneys general.”

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