"The AFL-CIO strongly supports the nomination of Richard Cordray..."

[ProSense]

Trumka: AFL-CIO Supports Cordray as Consumer Financial Chief

Trumka: AFL-CIO Supports Cordray as Consumer Financial Chief

by Donna Jablonski

AFL-CIO President Richard Trumka announced support for President Obama’s plan to nominate Richard Cordray to head the Consumer Financial Protection Bureau (CFPB). Cordray, a former Ohio attorney general, currently is chief of enforcement at the CFPB.

According to Trumka:

The AFL-CIO strongly supports the nomination of Richard Cordray to head the Consumer Financial Protection Bureau. Mr. Cordray has an outstanding record of protecting the public interest as the Attorney General of Ohio and as director of enforcement for the bureau. We are nonetheless disappointed that President Obama chose not to appoint Elizabeth Warren, who was opposed by Republicans and the financial interests that ruined our economy in an atttempt to keep the Consumer Financial Protection Bureau from getting off the ground. We express our deepest appreciation to Prof. Warren for her vision and leadership in establishing the bureau.

Working women and men need a fully empowered bureau that can realize the promise of the Dodd-Frank Act. Without a director, the CFPB cannot effectively police non-bank financial institutions, including firms such as pay day lenders and mortgage companies that have histories of exploiting working people. We sincerely hope Republicans will drop their super-partisan efforts to block staffing of the agencies essential to enforcement of Wall Street reform and consumer protection. We urge the Senate to move quickly to confirm Mr. Cordray.

[bluestateguy]

1. But, but the AFL-CIO is just a tool for big business!

Seriously though, that should be the end of it.

[CaliforniaPeggy]

2. I'm happy to hear they support his nomination. K&R

[jenmito]

3. K&R. Thanks (again)! n/t

[annabanana]

4. Good to know, thanks. Now will this contipated congress confirm?

There isn't enough ex-lax in the world to get that giant turd moving.

[MannyGoldstein]

5. K&R, Great news, good to know

Thanks for posting this