FOR IMMEDIATE RELEASE
Contact:
Joseph Rendeiro
jrendeiro@nclr.org
(202) 776-1566
Telephonic press conference examines the nomination of Richard Cordray to head the Consumer Financial Protection Bureau
Washington, D.C.—Earlier this summer, President Obama nominated former Ohio Attorney General Richard Cordray to lead the recently opened Consumer Financial Protection Bureau (CFPB), the first federal entity solely devoted to fighting financial crime on behalf of Americans. The CFPB will be an especially crucial ally for Latino families who commonly are targets of fraud and deception through financial products such as mortgages, credit cards, money transfers, payday loans, and much more. However, until a director is appointed, the CFPB will not have the full authority to protect consumers from abusive financial products.
NCLR will host a telephonic press conference on Thursday, September 1 with representatives from the Cuban American National Council, Americans for Financial Reform, and PICO United Florida to discuss the confirmation of Richard Cordray for the director of the CFPB. Speakers will look at Mr. Cordray’s qualifications for the position, the likelihood of his confirmation, the importance of the CFPB for Latino consumers and the need for the director position to be filled expeditiously.
MEDIA ADVISORY
WHO: – Graciela Aponte, Senior Legislative Analyst, Wealth-Building Policy Project, NCLR
– Angelo Gonzalez, Program Director, Economic Independence, Cuban American National Council
– Lisa Donner, Director, Americans for Financial Reform
– Juan Pablo Chavez, Director of Organizing, PICO United Florida
WHAT: Confirming Cordray Telephonic Press Conference
WHEN: Thursday, September 1, 2011, 1:00 p.m. EDT
HOW: Call: 1-800-862-9098
Conference Title: Confirming Cordray
Conference ID: 7NCLR
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