Sen. Carper Statement on Senate Failure to Proceed on Nomination of Richard Cordray

WASHINGTON – Today, Sen. Tom Carper (D-Del.) released the following statement after the Senate failed to move forward on the nomination of Richard Cordray to be Director of the Bureau of Consumer Financial Protection:

“Today we missed another opportunity to bypass partisan gridlock and confirm a much-needed and well-qualified head of the new Consumer Financial Protection Bureau. The longer we continue to constrain the Bureau by not confirming its Director, the greater the disservice it is to consumers and businesses in Delaware and across America.

“Unfortunately, some of my colleagues focused on the structure of the new Consumer Financial Protection Bureau, not Mr. Cordray’s qualifications. A former attorney general who has helped the Bureau get up and running, Mr. Cordray’s presence at the head of the new agency would have made perfect sense.

“My hope is that we can resolve our differences so that the agency can focus on the job it was designed to do, which is to protect consumers from financial harm.”

To read Sen. Carper’s full remarks, as prepared for delivery, please click here.