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Politics

President Barack Obama Weekly Address On 07-20-2013 – Confirming Rich Cordray to Lead the CFPB

Barack Obama June 28, 2020 1


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In this week’s address, President Obama discusses the Senate’s confirmation of Rich Cordray as Director of the Consumer Financial Protection Bureau. The CFPB is an independent watchdog set up to protect families from irresponsible behavior in the financial sector – one that puts mortgage lenders, student lenders, payday lenders, and credit reporting and debt collection agencies under greater scrutiny, while providing the American people a place to get some measure of justice if they don’t play by the rules. 

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