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FOR IMMEDIATE RELEASE Contact:
January 30, 2013 Joseph Rendeiro
(202) 776-1566
jrendeiro@nclr.org
WASHINGTON, D.C.—Heading into his second term, President Obama has nominated Richard Cordray to continue as Director of the Consumer Financial Protection Bureau (CFPB). NCLR (National Council of La Raza) fully backs Cordray for this position, as he has proven to be a strong ally for Latino homeowners since the CFPB opened its doors, fighting to end unfair banking practices and improve accountability among financial institutions.
“Over the past year, Richard Cordray has built up a strong track record as a champion for consumers and homeowners alike,” said Janis Bowdler, Director of Economic Policy at NCLR. “Under his direction, the CFPB has defended consumers, advanced new protections and disclosures for remittances and issued new mortgage rules that will keep homeownership opportunities open to Hispanic families.”
“There is no question that Cordray should continue in his current position and that Congress should swiftly confirm this crucial appointment,” Bowdler continued. “Homeowners and consumers across the country need an advocate who is willing to stand up against banks and other financial institutions that aim to take advantage of their clients. Cordray has proven time and again that he stands for commonsense standards of accountability and fairness and is willing to push back against those who try to mislead and defraud consumers.”
NCLR—the largest national Hispanic civil rights and advocacy organization in the United States—works to improve opportunities for Hispanic Americans. For more information on NCLR, please visit www.nclr.org or follow along on Facebook and Twitter.
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