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  • Richard Cordray

    Obama Confirms Unaccountability of Consumer Bureau

    By circumventing the lawful confirmation process, President Obama’s attempted “recess appointment” today of Richard Cordray to direct the Consumer Financial Protection Bureau (CFPB) demonstrates the very unaccountability that pervades the agency and requires reform. Although operational now, the CFPB has been largely confined to enforcing existing regulations, without authority to … More

    Flashback: Senator Outlines Objections to 'Unaccountable' Consumer Czar

    Last fall Sen. Richard Shelby (R-AL) visited Heritage to talk about the Consumer Financial Protection Bureau and the “unaccountable” nominee to head the agency. At the time, there was speculation President Obama would attempt to bypass the U.S. Senate to install Richard Cordray as CFPB director. That’s exactly what happened … More

    A Tyrannical Abuse of Power: Obama Attempts to Appoint Cordray to CFPB

    In a revelation that is quite shocking to anyone who knows anything about the 100-plus years of precedent on the recess appointment power or the separation of powers, the White House today announced that the President planned on making a purported recess appointment of Richard Cordray to the new Consumer … More

    Consumers Need Protection from Consumer Protection Bureau

    The Senate is slated to vote this week on the nomination of Richard Cordray as director of the Consumer Financial Protection Bureau (CFPB). If confirmed, the former Ohio attorney general would become the envy of regulatory zealots far and wide—wielding unparalleled powers with virtually no accountability. President Obama, of course, … More

    VIDEO: Senator Says Confirming Consumer Czar Would Be 'Devastating'

    Richard Cordray, President Obama’s pick to lead the Consumer Financial Protection Bureau, won approval from the Senate Banking Committee last week on a party-line vote. His confirmation to run the new agency faces fierce opposition from Republicans, who have vowed to block Senate approval until reforms are made to the agency. Sen. … More

    Warren Rebuffed, but Consumer Finance Bureau Still a Threat

    President Obama will bypass Elizabeth Warren to lead the Consumer Financial Protection Bureau (CFPB) and instead nominate former Ohio attorney general Richard Cordray to the post. The White House announcement on Sunday ends months of uncertainty about whether the President would accede to the demands of Warren’s steadfast supporters or … More