Congresswoman Renee Ellmers released the following statement from her office in Washington this morning:
"I continue to be disappointed by President Obama's complete disregard for our system of checks and balances, this Congress, and the U.S. Constitution. By appointing Mr. Cordray to this ambiguous agency without Senate confirmation, the President is acknowledging his desire to consolidate control, ignore the legislative branch entirely, and further harm our free enterprise system through a dangerously powerful regulatory agency he helped create."
Yesterday, President Obama appointed Richard Cordray as the new Director of the Consumer Financial Protection Bureau (CFPB) and by doing so, went against over 200 years of legislative protocol. In line with decades of congressional practices, the Department of Justice has found that the Congress must be in recess more than three days before the president can make an intra-session recess appointment. With the President's recess appointment he ignores Republicans' concerns for prudence in the agency's structure and accountability and once again continues to cause great harm to our country's most cherished principles.