Peters Statement on Richard Cordray’s Retirement from the Consumer Financial Protection Bureau

WASHINGTON, DC—U.S. Senator Gary Peters (MI) released the following statement on the resignation of Consumer Financial Protection Bureau Director Richard Cordray:

“I appreciate Richard Cordray’s many years of public service and his longstanding commitment to protecting consumers and holding bad actors in the financial industry accountable for fraudulent or predatory practices. Continuing the Consumer Financial Protection Bureau’s mission to shield consumers against abusive practices is more important than ever, especially in light of ongoing efforts by Republicans in Congress to weaken and even eliminate the agency. I was proud to serve on the conference committee that finalized the Dodd-Frank legislation creating this vital agency, and I urge President Trump to nominate a successor who will stand up for consumers and the middle class over special interests by enforcing strong consumer protection standards.”