Senate Blocks Consumer Agency Nominee
Yesterday the Senate blocked confirmation of Richard Cordray, the highly qualified nominee for Director of the Consumer Financial Protection Bureau (CFPB). Without a Director the CFPB cannot exercise its full authority to protect private student loan borrowers.
Thousands of you responded to our call to contact your senators in support of confirming a CFPB Director: 53 senators voted to do so, but 60 votes were needed. Though we are not celebrating a win, your continued engagement is critical to advancing the issues that we care so deeply about.
Americans need a strong independent CFPB with a Director in place. We will let you know when it's time to make your voices heard again.