Washington, DC – U.S. Senator Charles E. Schumer, a leading advocate for an independent consumer protection agency, released the following statement regarding President Obama’s decision to appoint Richard Cordray to head the Consumer Financial Protection Bureau: “The Senate minority’s attempt to defang the Consumer Financial Protection Bureau by depriving it of leadership is unprecedented, hurts…

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Washington, D.C. – Nevada Senator Harry Reid released the following statement today after President Obama announced his intention to appoint Richard Cordray to head the Consumer Financial Protection Bureau. “After millions of Americans lost their jobs, retirement funds and life savings in the economic crisis, they asked their elected leaders to rein in the greed…

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