Nearly three months ago, President Obama selected Richard Cordray to lead the Consumer Financial Protection Bureau -- an agency put in place by Wall Street reform to protect regular folks in the financial system. The sooner Cordray is confirmed, the sooner the CFPB can continue to do the big things we need them to do -- like taking on predatory credit card and mortgage lenders and bait-and-switch creditors.
Now, Cordray's nomination is up for a vote before the full Senate -- and Republicans in Congress are saying they won't support him. They aren't saying Cordray is unqualified, because his qualifications are exceptional.
They are opposing him -- and any other nominee -- because they don't want the agency to exist at all. But it does -- it's the law of the land. And it's long overdue that we have cops on the beat protecting consumers from Wall Street abuses.
Don't let them get away with stopping that enforcement before it starts.