Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

For Immediate Release

Contact

Miranda Blue or Justin Greenberg
202-467-4999 / media@pfaw.org

 

Press Release

PFAW: Senate GOP Chooses Big Banks Over Consumers, Blocks Cordray Nomination

WASHINGTON -

In a nearly party-line vote today, Senate Republicans continued to block the nomination of Richard Cordray to head the Consumer Financial Protection Bureau. The Bureau has had to function without a leader since its establishment last year, preventing it from doing critical parts of its work. 45 Senate Republicans signed a letter in May refusing to confirm any nominee to the post unless the Bureau’s power to protect consumers is substantially weakened.

“Today’s vote is extremely disappointing,” said Marge Baker of People For the American Way. “Senate Republicans are blocking a perfectly qualified and moderate nominee simply because they don’t want the Consumer Financial Protection Bureau to do its job. This is cynical, crony politics at its worst. The CFPB was created to ensure that American consumers have a strong advocate in the financial sector, which has too often viewed the life savings of millions as the means to huge profits for a few. Republicans, however, would rather protect their friends at big banks than the consumers whose money those big banks rely on.

“Two days ago, it was the D.C. Circuit that Senate Republicans sabotaged when they blocked a vote on highly qualified nominee Caitlin Halligan. Whether it’s through the courts or through the executive branch, Republicans are closing off Americans’ ability to assert their rights.”

###

People For the American Way logo

People For the American Way works to build a democratic society that implements the ideals of freedom, equality, opportunity and justice for all. We encourage civic participation, defend fundamental rights, and fight to dismantle systemic barriers to equitable opportunity. We fight against right-wing extremism and the injustice it fosters.

With Election Days Away, Bernie Sanders Headlines Get-Out-the-Vote Rally for Nina Turner

In his keynote speech, Sanders said corporate interests are pulling out all the stops to defeat Turner because "they know that when she is elected, she is going to stand up and take them on in the fight for justice."

Jake Johnson ·


Bush, Pressley, and Omar Sleep Outside Capitol to Demand Extension of Eviction Moratorium

Rep. Cori Bush, who was formerly unhoused, slammed her Democratic colleagues who "chose to go on vacation early today rather than staying to vote to keep people in their homes."

Jake Johnson ·


As Progressives Call for End to Blockade, Biden Announces More Sanctions Against Cuba

The move comes after Democratic leadership in the House blocked an amendment to roll back limits on how much money people in the United States can send to family on the island nation.

Jessica Corbett ·


Progressives Issue Dire Warning as House Bill to Extend Eviction Moratorium Dies

"If Congress does not act now, the fallout of the eviction crisis will undoubtedly set us backwards as the Covid-19 pandemic continues to ravish our communities, needlessly contributing to more death and destruction."

Brett Wilkins ·


Citing Donziger Case, Dems Raise Alarm About Use of Private Prosecutors in Federal Court

Private prosecutions of criminal contempt charges, said a pair of senators, "are highly unusual and can raise concerning questions of fundamental fairness in our criminal justice system."

Jessica Corbett ·