https://www.americancityandcounty.com/wp-content/themes/acc_child/assets/images/logo/footer-logo.png
  • Home
  • Co-op Solutions
  • Hybrid Work
  • Commentaries
  • News
  • In-Depth
  • Multimedia
    • Back
    • Podcast
    • Latest videos
    • Product Guides
  • Resources & Events
    • Back
    • Resources
    • Webinars
    • White Papers
    • IWCE 2022
    • How to Contribute
    • Municipal Cost Index – Archive
    • Equipment Watch Page
    • American City & County Awards
  • About Us
    • Back
    • About Us
    • Contact Us
    • Advertise
    • Cookie Policy
    • Privacy Statement
    • Terms of Service
American City and County
  • NEWSLETTER
  • Home
  • Co-op Solutions
  • Hybrid Work
  • Commentaries
  • News
  • In-Depth
  • Multimedia
    • Back
    • Podcasts
    • Latest videos
    • Product Guides
  • Resources/Events
    • Back
    • Webinars
    • White Papers/eBooks
    • IWCE Expo
    • Calendar of Events
    • How to Contribute
    • American City & County Awards
    • Municipal Cost Index
    • Equipment Watch Page
  • About Us
    • Back
    • About Us
    • Contact Us
    • Advertise
    • Cookie Policy
    • Privacy Stament
    • Terms of Service
  • newsletter
  • Administration
  • Economy & Finance
  • Procurement
  • Public Safety
  • Public Works & Utilities
  • Smart Cities & Technology
  • Magazine
acc.com

Administration


News

Mayors urge Richard Cordray’s appointment as head of CFPB (with related video)

Mayors urge Richard Cordray’s appointment as head of CFPB (with related video)

The U.S. Conference of Mayors (USCM) is urging the U.S. Senate to confirm Richard Cordray as director of the new Consumer Financial Protection Bureau.
  • Written by
  • 7th December 2011

Photo of Richard CordrayThe U.S. Conference of Mayors (USCM) is urging the U.S. Senate to confirm Richard Cordray, a former Ohio attorney general, as director of the new Consumer Financial Protection Bureau (CFPB). The push by USCM comes as Senate Republicans are vowing to block Cordray’s nomination in tomorrow’s scheduled vote.

In a letter to Senate Majority Leader Harry Reid, D-Nev., and Minority Leader Mitch McConnell, R-Ky., USCM President Antonio Villaraigosa and Vice President Michael Nutter lauded Cordray as “an honorable, committed and highly-qualified public servant” and added that Cordray “has demonstrated that he has the necessary expertise and sound judgment to lead the CFPB to affect real change in our communities – change that is urgently needed.”

Villaraigosa and Nutter are the mayors of Los Angeles and Philadelphia, respectively.

Cordray is currently the director of enforcement at CFPB, which was created by last year’s Dodd-Frank Wall Street Reform and Consumer Protection Act to regulate consumer financial products such as mortgages and credit cards. However, the bureau has been without a director, and Villaraigosa and Nutter wrote that “without a director, the new CFPB is hamstrung in its ability to hold [financial] firms accountable and to rein in some of the financial practices that contributed to the economic downturn, hurting communities across America.”

According to Bloomberg Businessweek, “House and Senate Republicans say the agency wouldn’t have enough accountability and have pushed for legislative changes that would place the bureau under the congressional appropriations process and replace the director position with a five-member board. Senate Republicans have vowed to block any nominee without the structural changes.”

As of this afternoon, it does not appear that Senate Democrats have the 60 votes required to block a Republican-led filibuster of Cordray’s confirmation vote. A White House spokesman refused to comment on whether President Obama would “use his recess appointment authority to put Cordray in place if no Senate vote takes place,” Bloomberg Businessweek also reports.

Cordray has served as treasurer for the state of Ohio and as treasurer for Franklin County, Ohio. He also is a five-time winner on “Jeopardy” and was American City & County’s 2005 County Leader of the Year.

Tags: Administration News

Most Recent


  • citizen
    How to move to a citizen-focused engagement model
    We know that engaged citizens play a critical role in helping make government agencies more transparent, more effective and more accountable. In fact, putting increased attention on digital government services and the citizen experience was ranked as one of the biggest changes that state chief information officers expected to continue post-pandemic. But too often, many […]
  • crisis
    Navigating crises with confidence: Five ways strategic plans support crisis response
    Some crises are short-lived, barging through our lives and routines, and before we can get a sense of what’s happened, we’re left dealing with the aftermath. But many crises build slowly, with many early warning signs, and once they’vehit their breaking point, panic and uncertainty overwhelm the ability of leaders to think clearly and mitigate […]
  • 2022 Crown Communities Award winner: Miami-Dade County Clerk of Courts' jury selection system
    The Miami-Dade County Clerk of Courts is revolutionizing the jury selection process.  In many jurisdictions, jury duty is perceived as an obligatory nuisance. On their appointed day, potential jurors arrive early and stay late. They read books or watch television to pass the time as judges and attorneys make in-person selections from the pool of […]
  • digital
    How to leverage digital tools to drive innovation in government
    The rapid evolution of digital technologies transformed the way governments function, making them more efficient, transparent and citizen-friendly. Rather than relying on crystal trophies, governments can leverage digital tools to drive innovation and streamline processes, benefiting the population they serve. Open data and crowdsourcing Open data refers to making government data available to the public, […]

Leave a comment Cancel reply

-or-

Log in with your American City and County account

Alternatively, post a comment by completing the form below:

Your email address will not be published. Required fields are marked *

Related Content

  • Lessons from your friendly neighborhood public service employees
  • Harris County deploys next-generation security in 150 public buildings
  • How local governments can get ahead of the infrastructure wave: Strategies to mitigate risk
  • Prioritizing rapid restore leads to stronger ransomware attack recovery

White papers


5 reasons why Plan Examiners need Objective Trapeze

30th May 2023

7 Permitting & Licensing Fails Slowing Community Growth

24th May 2023

The Secret Ingredient to Local Government Employee Retention

23rd May 2023
view all

Webinars


How to Centralize and Build a Grants Management Process at your Organization

24th May 2023

Making Permitting Easier: What We’ve Learned Helping America’s Largest Cities Improve Their Permitting Process

16th May 2023

Digital Property Tax Collection: Tales from the Trenches of Modernization

16th May 2023
view all

PODCAST


Young Leaders Episode 4 – Cyril Jefferson – City Councilman, High Point, North Carolina

13th October 2020

Young Leaders Episode 3 – Shannon Hardin – City Council President, Columbus, Ohio

27th July 2020

Young Leaders Episode 2 – Christian Williams – Development Services Planner, Goodyear, Ariz.

1st July 2020
view all

GALLERIES


10 best suburbs for city-like living

1st June 2023

Gallery: Annual index ranks America’s top performing cities; most are in the West

30th May 2023

Gallery: Top 10 American cities for seasonal and summer jobs

25th May 2023
view all

Twitter


Newsletters

Sign up for American City & County’s newsletters to receive regular news and information updates about local governments.

Resale Insights Dashboard

The Resale Insights Dashboard provides model-level data for the entire used equipment market to help you save time and money.

Municipal Cost Index

Updated monthly since 1978, our exclusive Municipal Cost Index shows the effects of inflation on the cost of providing municipal services

Media Kit and Advertising

Want to reach our digital audience? Learn more here.

DISCOVER MORE FROM INFORMA TECH

  • IWCE’s Urgent Communications
  • IWCE Expo

WORKING WITH US

  • About Us
  • Contact Us

FOLLOW American City and County ON SOCIAL

  • Privacy
  • CCPA: “Do Not Sell My Data”
  • Cookie Policy
  • Terms
Copyright © 2023 Informa PLC. Informa PLC is registered in England and Wales with company number 8860726 whose registered and Head office is 5 Howick Place, London, SW1P 1WG.