Committee Democrats Send Letter to Keep Cordray

January 10, 2017

On Tuesday, January 10, 2017, the House Financial Services Committee Democrats sent a letter to President-elect Trump strongly opposing any action to remove CFPB Director Richard Cordray from his position. The letter notes his record during his tenure as Director and states, “Any attempts to remove Director Cordray from his position are without historical precedent, and intended solely to distract the Director and the Bureau from its important work protecting servicemembers, students and other borrowers from financial predation.” Members also cautioned “not to engage in partisan litigation, particularly since it is likely to be unsuccessful and will needlessly divert government resources away from other important priorities.”