Sasse and Lee to Trump: Fire Cordray

Statement

Today U.S. Senators Ben Sasse (R-NE) and Mike Lee (R-UT) urged the incoming administration to fire the Director of the Consumer Financial Protection Bureau (CFPB), Richard Cordray.

"It's time to fire King Richard," said Sasse, a member of the Senate Banking Committee. "Underneath the CFPB's Orwellian acronym is an attack on the American idea that the people who write our laws are accountable to the American people. President-elect Trump has the authority to remove Mr. Cordray and that's exactly what the American people deserve."

"The Constitution was written to protect the American people from unelected and unaccountable bureaucrats," said Lee. "Considering the damage CFPB has done to credit unions and community banks, President Trump should act quickly to remove the director."

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