White House Weekly Address: Confirming Rich Cordray to Lead the CFPB


In this week’s address, President Obama discusses 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

This week, the 44th President hosted the 41st President at the White House to confer the 5,000th Daily Point of Light award, honored Richard Cordray as the newly confirmed Director of the Consumer Finance Protection Bureau, sat down to talk with Spanish language news anchors, and spoke on the importance of supporting full implementation of the Affordable Care Act.