President Obama's Weekly Address 7/20/13: Confirming Rich Cordray to Lead the CFPB

WASHINGTON, DC— In this week’s address, President Obama discussed the Senate’s confirmation of Rich Cordray as Director of the Consumer Financial Protection Bureau. The CFPB is an independent watchdog set up to protect families from irresponsible behavior in the financial sector – one that puts mortgage lenders, student lenders, payday lenders, and credit reporting and debt collection agencies under greater scrutiny, while providing the American people a place to get some measure of justice if they don’t play by the rules.

President Obama's Weekly Address 12/10/11 : Ensuring a Fair Shot for the Middle Class

WASHINGTON— In this week’s address, President Obama told the American people that the United States succeeds when everyone gets a fair shot, does their fair share, and engages in fair play. This is why the President nominated Richard Cordray to lead a new consumer-watchdog agency designed to protect families from being taken advantage of, but Republicans in Congress have blocked the nomination. They have also stood in the way of a balanced plan to extend the payroll tax cut for working families – and the President made clear he believes that elected officials should not go home for the holidays until they’ve done what is right for the American people and for the economy by extending this tax cut.