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The Velveteen Ocelot

(130,855 posts)
Fri Jun 17, 2016, 10:07 PM Jun 2016

An interesting suggestion for VP pick: Rich Cordray. [View all]

Cordray is currently the director of the Consumer Financial Protection Bureau (CFPB) — the agency closely associated with the rise to prominence of Elizabeth Warren, who suggested its creation. When it became clear the Senate would not confirm Warren if Abraham Lincoln returned to testify for her, Cordray got the job.

He has successfully built the CFPB into an agency that fights for consumers against the largest financial institutions in the world. It has returned billions to consumers in enforcement actions for deceptive conduct; it has written rules to make mortgage lending safer and fairer, and it has been innovative and efficient in designing new ways to aid individual consumers hoping to resolve disputes with banks.

Wall Street has made eliminating or debilitating the CFPB its priority. Not coincidentally, wiping out the CFPB is on the announced shortlist of the Republican agenda.

Unlike Warren herself, adding Cordray to the ticket would not leave open a critical seat in the Senate to be filled by a Republican governor.


More here: http://www.startribune.com/hillary-clinton-s-vp-pick-should-be-rich-cordray/383350551/

Any thoughts?
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