WASHINGTON, D.C. – Center for Responsible Lending (CRL) President Mike Calhoun released the following statement today after Richard Cordray tenured his resignation as Director of the Consumer Financial Protection Bureau (CFPB):
We commend Richard Cordray’s years of public service and commitment to protect Americans from financial predators. As the CFPB’s first director, he brought accountability and transparency to consumer finance, and helped clean up Wall Street's mess after the 2008 financial crisis. The Bureau and its staff are strong because of Richard’s leadership--cracking down on the tricks and traps of payday lenders, credit cards companies, debt collectors, and bad actors in the industry from taking advantage of distressed Americans. The Center for Responsible Lending looks forward to continuing working with the CFPB to ensure consumer protection remains top priority for the agency.
For more information, or to arrange an interview with a CRL spokesperson on this issue, please contact Ricardo Quinto at ricardo.quinto@responsiblelending.org.