WASHINGTON, D.C. – After the Senate failed by a vote of 53-45 to break a filibuster on the nomination of former Ohio Attorney General Richard Cordray to serve as the Director of the Consumer Financial Protection Bureau (CFPB), U.S. Sen. Sherrod Brown (D-OH), who chairs the Baking Subcommittee on Financial Institutions and Consumer Protection, issued the following statement:

“Americans deserve a consumer cop on the beat who is not at the beck and call of Wall Street. Richard Cordray has strong qualifications and bipartisan support, but Wall Street banks and their allies in Congress don’t want to see anyone head the Consumer Financial Protection Bureau.

“Today, we saw something unprecedented in the Senate – after numerous compromises, a group of Washington politicians refused to confirm a well-qualified candidate because of their objection of the agency the nominee was selected to lead. Now is not the time to play a dangerous game with the financial security of millions of families and businesses. It’s time we focus on moving forward – armed with the tools that can create jobs and strengthen our economy.”

 

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