Sheila Bair, the former Federal Deposit Insurance Corp. chairman, urged Senate leaders to confirm Richard Cordray as director of the Consumer Financial Protection Bureau at New York's Bryant Park Tuesday.
"Maybe you don't like the Consumer Bureau, but it is the law of the land. Dodd-Frank won. The majority won. It's the law, and you have to follow the law." said Bair of President Obama's decision for Cordray's recess appointment.
"I think Richard Cordray's doing a great job. I wish the Senate would confirm him," she continued. "He's not anti-bank, he's not trying to kill all the banks, and he deserves to be confirmed."
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