Washington, D.C. -- U.S. Congressman Marlin Stutzman, a member of the House Financial Services Committee, issued the following statement today regarding the Senate's appointment of Richard Cordray as the director of the Consumer Financial Protection Bureau (CFPB).
"Richard Cordray is now one of Washington's most powerful unelected bureaucrats and certainly the least accountable. Unable to be fired by the American people, Mr. Cordray now heads an agency that has the power to decide what kinds of loans and credit cards middle-class families can obtain. As today's confirmation does not change the fact that the CFPB lacks the transparency the American people deserve, I will continue to work with Chairman Hensarling and my colleagues on the Financial Services committee to hold the CFPB accountable."