President Barack Obama, with Richard Cordray, delivers a statement on the confirmation of Cordray as Director of the Consumer Financial Protection Bureau, in the State Dining Room of the White House, July 17, 2013. (Official White House Photo by Lawrence Jackson)
Today, President Obama thanked lawmakers from both parties for coming together to confirm Richard Cordray as Director of the Consumer Financial Protection Bureau.
- Advertisement -
Because of the CFPB, students and their parents can now get a simple report with the information they need before taking out student loans, credit card forms are easier to understand than they used to be, and veterans and seniors are better protected from dishonest lenders and get-rich-quick schemes.
“And now that Rich has gotten the yes-or-no vote he deserved, businesses and consumers have more certainty than they did before that this will continue,” President Obama said.
- Advertisement -
