November 15, 2017

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FSR Statement on CFPB Director Cordray’s Resignation

The Trump Administration and Congress should use this opportunity to improve the CFPB by adding a bipartisan board so key decisions are made in a bipartisan and transparent manner with more than just one person involved.

FSR Statement on CFPB Director Cordray’s Resignation
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FSR Statement on CFPB Director Cordray’s Resignation

 

WASHINGTON – The Financial Services Roundtable (FSR) today released the following statement after Richard Cordray’s announcement that he will resign as Director of the Consumer Financial Protection Bureau (CFPB):

“The CFPB plays an important role in protecting consumers, and we thank Director Cordray for his service. The Trump Administration and Congress should use this opportunity to improve the CFPB by adding a bipartisan board so key decisions are made in a bipartisan and transparent manner with more than just one person involved,” said FSR CEO Tim Pawlenty.

 

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The Financial Services Roundtable represents the largest integrated financial services companies providing banking, insurance, payment and investment products and services to the American consumer. Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO. FSR member companies provide fuel for America’s economic engine, accounting for $92.7 trillion in managed assets, $1.2 trillion in revenue, and 2.3 million jobs.

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