Haruna,
This is an important day.� Today, the Consumer Financial Protection Bureau gets its first director -- and its full powers.� President Obama gave Richard Cordray a recess appointment that Republicans cannot block.
For months, determined as ever to protect Wall Street and the big
banks instead of you, Republicans stymied the consumer agency from doing
its job. Republicans demanded changes that would weaken the agency and
its ability to protect you, and they filibustered the nomination of
Richard Cordray as its director.
The big banks were winning once again until today -- when President Obama gave Cordray a recess appointment!
This is a big deal for middle class families in Massachusetts and across our nation.
For more than a year, we've seen and heard reports exposing how some
of America's largest financial institutions broke the law. Maybe
that's why Wall Street continues to set new spending records hiring
lobbyists to shift attention away from their wrongdoings.
As a result, those who broke our economic system haven't been subject to full scrutiny.� But with Richard Cordray in place at the CFPB, we can start moving toward real accountability over the big banks.
The public is paying attention to this fight -- including thousands
who signed our petition urging that Rich get this position.�
We've worked hard together to get this far.� We should celebrate --
and keep right on working.� Let's show there's real momentum behind
Cordray's leadership.
Thank you for being a part of this,
Elizabeth Warren