On July 17, Richard Cordray was confirmed by a 66-34 vote to be the director of the CFPB for a five-year term. Cordray was first nominated by President Barack Obama in 2011.
MCUL & Affiliates CEO David Adams said he looks forward to working with Cordray.
“Congratulations to Director Cordray on his confirmation,” Adams said. “We appreciate his willingness to listen and work with credit unions. We look forward to opportunities to offer input on regulations affecting financial institutions in the future.”