September 23, 2010
Dear Ms. Redacted:
Thank you for sharing your support for Elizabeth Warren to head the Consumer Financial Protection Bureau (CFPB). I appreciate hearing from you.
The Wall Street reform bill created the CFPB, housed in the Federal Reserve, to protect consumers from the tricks, traps, and fine print that some banks use to take unfair advantage of consumers. The CFPB is an independent agency with the sole function of protecting consumers. The Bureau will write strong, sensible rules that apply to all lenders, with no carve-outs. It is critical that the director of the CFPB be aggressive but fair in protecting the American public.
Elizabeth Warren is a champion for consumer safety, and she is inspiration for the creation of the CFPB. For the past three years she has advocated tirelessly for the creation of an agency that would do just one very important thing: help American families make good decisions when it comes to mortgages, credit cards, and other forms of consumer credit. Throughout her work, a common theme has emerged – that government should work for the American people, not the other way around. She’s the right person to lead this bureau, pure and simple.
I urge the President to nominate her, and if he does I urge my colleagues in the Senate to confirm her.
Thank you again for sharing your support. Please feel free to stay in touch.
Sincerely,
Richard J. Durbin
United States Senator
RJD/dr
