Haruna --
You played a huge part in passing Wall Street reform last year. I want to give you an update on where that stands right now:
Nearly three months ago, President Obama selected Richard Cordray to
lead the Consumer Financial Protection Bureau -- an agency put in place
by Wall Street reform to protect regular folks in the financial system.
The sooner Cordray is confirmed, the sooner the CFPB can continue to do
the big things we need them to do -- like taking on predatory credit
card and mortgage lenders and bait-and-switch creditors.
This morning, the Senate Banking Committee sent his nomination to the
full Senate. But Republicans are saying they won't let a vote happen.
They aren't saying Cordray is unqualified, because his qualifications
are obvious. They are opposing him -- and any other nominee -- because
they don't want the agency to exist at all.
But it does -- it's the law of the land. And it's long overdue that we
have cops on the beat protecting consumers from Wall Street abuses.
Don't let them get away with stopping that enforcement before it starts.
Here's something you can do right now:
Add your name to the call to confirm Richard Cordray so the CFPB can do its job protecting ordinary people as effectively as possible -- and then ask your friends to join you.
The goal of this campaign -- and this President -- is to make sure
people who work hard and play by the rules get a fair shake, whether
that means being able to get a loan to buy a house and send your kid to
college, or not having to go bankrupt when you get sick.
But Republicans have fought us every step of the way -- and what's more,
they've chosen to stand up for the exact people who are gaming the
system. Every single Republican presidential candidate wants to repeal
Wall Street reform and make sure this agency never gets off the ground.
Here's the bottom line: The CFPB needs a director in order to function and offer protections to millions of American consumers.
And Cordray has a history of cracking down on those who don't play by
the rules. As Ohio's Attorney General, he took action against companies
involved in foreclosure scams, and helped recover billions in pension
funds on behalf of retirees, investors, and business owners.
Republicans in the Senate are going to try to hold up this vote for as
long as they can -- but this is so much bigger than politics. That's
only going to stop if they hear from as many people like us as possible.
Make your voice heard today. Add your name to the call to give the CFPB a director:
http://my.barackobama.com/Hold-Wall-Street-Accountable
Thanks,
Jen
Jen O'Malley Dillon
Deputy Campaign Manager
Obama for America
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