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November 15, 2017

CFPB Director Cordray is a Consumer Protection Superhero; Set Gold Standard For Policing Wall Street

FOR IMMEDIATE RELEASE
Wednesday, November 15, 2017
Contact: Nick Jacobs, 202-618-6430 or njacobs@bettermarkets.com

Washington, D.C. – Dennis Kelleher, president and CEO of Better Markets, released this statement following the announced resignation of Richard Cordray as Director of the Consumer Financial Protection Bureau (CFPB):

“CFPB Director Richard Cordray is a financial consumer protection superhero.  In just a few short years, he has set the gold standard for stopping and punishing financial predators, scammers and rip-off artists.  Without fear or favor, he fought to protect everyone with a bank account, credit card or mortgage. 

“The CFPB has been an incredibly effective consumer cop on the Wall Street beat, which is why the financial industry and its powerful political allies have tried to kill the CFPB from the start and have relentlessly and unfairly attacked Director Cordray for doing such a good job.  Hardworking Americans want, expect and deserve consumer protection.   We urge President Trump to act like anti-Wall Street candidate Trump and appoint a director who will prioritize Main Street families not big financial firms.”

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Better Markets is a non-profit, non-partisan, and independent organization founded in the wake of the 2008 financial crisis to promote the public interest in the financial markets, support the financial reform of Wall Street and make our financial system work for all Americans again. Better Markets works with allies – including many in finance – to promote pro-market, pro-business and pro-growth policies that help build a stronger, safer financial system that protects and promotes Americans’ jobs, savings, retirements and more. To learn more, visit www.bettermarkets.com.

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