This morning, Assistant Minority Leader of the Ohio House of Representatives Matthew A. Szollosi (D-Toledo) issued the following statement on the appointment of Richard Cordray as Director of the Bureau of Consumer Financial Protection (CFPB). The CFPB was established by Congress through the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The CFPB officially began operations in July of 2011, with the mission of ensuring consumers are well-informed and protected when applying for mortgages, credit cards or other consumer financial products.
“I commend President Obama on his appointment of Rich Cordray to be the Director of the Federal Consumer Financial Protection Bureau,” said Rep. Szollosi. “As Ohio’s Attorney General, Rich earned a lot of respect for his passion, work ethic and attention to detail, particularly with regard to his advocacy on behalf of protecting Ohioans from Wall Street. I have complete confidence in his ability to bring a balanced, well-reasoned approach to this position. I think he will do quite well.”