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Geoff Greenwood, Communications Director
515-281-6699, geoff.greenwood@iowa.gov
FOR IMMEDIATE RELEASE, January 24, 2013

Miller Supports Cordray for CFPB Post

 

(DES MOINES, Iowa)  Attorney General Tom Miller expressed support for President Obama’s renomination of Richard Cordray to head the Consumer Financial Protection Bureau (CFPB).

“Rich Cordray is uniquely and unequivocally qualified to be the nation’s chief consumer watchdog,” said Miller.  “He’s a proven leader with the intellect, experience and judgment to continue to run the bureau and protect our nation’s consumers.”

Miller, who previously led a group of attorneys general to support the CFPB’s creation, noted that a bipartisan majority of state attorneys general has expressed past support for Cordray’s nomination.  Cordray is Ohio’s former attorney general.

The CFPB gives both the federal government and state attorneys general a powerful tool to collaboratively protect consumers.  President Obama installed Cordray in a recess appointment last January after the Senate blocked Cordray’s nomination.

“Rich Cordray has done an outstanding job getting the agency up and running, and putting in place some long-needed Wall Street reforms and additional safeguards to protect consumers and our economy.  That’s exactly what he and the agency should be doing,” Miller said.  “The Senate should confirm him.”

 

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