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Warren: CUs Should Support Cordray

WASHINGTON Sen. Elizabeth Warren (D-Mass.) lived up to her controversial reputation among credit unions, making a partisan pitch to CUNA Governmental Affairs Conference attendees to advocate on Capitol Hill for the Consumer Financial Protection Bureau and the confirmation of Richard Cordray during her Feb. 27 address.

By Heather Anderson | Updated on March 06, 2013
Sen. Elizabeth Warren told GAC attendees to use their political clout to advocate for the confirmation of a director so the CFPB can create a safe harbor for the industry.

WASHINGTON — Sen. Elizabeth Warren (D-Mass.) lived up to her controversial reputation among credit unions, making a partisan pitch to CUNA Governmental Affairs Conference attendees to advocate on Capitol Hill for the Consumer Financial Protection Bureau and the confirmation of Richard Cordray during her Feb. 27 address.

The member of the Senate Banking Committee urged credit unions to use their political clout to tell members of Congress to stop re-litigating settled decisions, a nod to a recent District of Columbia appeals court ruling that declared President Obama’s National Labor Relations Board appointments unconstitutional. The ruling could set a precedent for another lawsuit in the same court that challenges the constitutionality of Cordray’s appointment and the Dodd-Frank Act.

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