July 16, 2013


WASHINGTON – Senate Banking Committee Chairman Tim Johnson (D-SD) released a statement following cloture being invoked on Richard Cordray's nomination to be the Director of the Consumer Financial Protection Bureau.
“This is a win for the American people, and Majority Leader Reid should be commended for taking a principled stand in support of consumer protection.  Rich Cordray is finally getting the up-or-down vote he deserves.  Rich has proven to be effective leader and I have no doubt he will now be confirmed.”
“I want to thank Rich for his patience and dedication over the past two years.  Despite uncertain prospects for his confirmation, which had nothing to do with his qualifications, Rich was undeterred and has done a remarkable job getting the CFPB up and running.”