WASHINGTON — Vanita Gupta, president and CEO of The Leadership Conference on Civil and Human Rights today issued the following statement on the resignation of Richard Cordray as director of the Consumer Financial Protection Bureau (CFPB):
“Born out of the abuses of the financial industry, the CFPB under director Cordray has stood up for those who have been ignored and exploited for far too long. He has been a stalwart advocate for consumers against predatory business practices and abusive lenders. We need a vigilant watchdog to make sure consumer finance markets work in the public interest, and Cordray skillfully carried out the CFPB’s statutory mission to do exactly that. Millions of people across the country are better off as a result. Students, veterans, and military families in particular have benefited from a strong CFPB under director Cordray. We thank him for his outstanding service.”
The Leadership Conference on Civil and Human Rights is a coalition charged by its diverse membership of more than 200 national organizations to promote and protect the rights of all persons in the United States. The Leadership Conference works toward an America as good as its ideals. For more information on The Leadership Conference and its member organizations, visit www.civilrights.org.