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| Richard Cordray |
Washington, D.C. (July 17, 2013) – David H. Stevens,
President and CEO of the Mortgage Bankers Association (MBA), today issued the
following statement in response to the United States Senate’s confirmation of Richard
Cordray to be Director of the Consumer Financial Protection Bureau (CFPB):
“MBA congratulates Richard Cordray on his confirmation to be
Director of the CFPB. He has been in this position for the last year and a
half, and is deserving of this confirmation. We look forward to continuing to
work with the Director on the important issues facing consumers as they access
the housing finance market.
“The CFPB is an important agency that was created to protect
consumers across the United States.
“ Given the reach and influence this agency has on both businesses
and consumers, it is important that we have stability and consistency in its
highest ranks.
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| David H. Stevens |
“Under Richard Cordray’s leadership, we have found the CFPB
to be transparent and willing to listen to our concerns.
“We have not always agreed on the final outcome of CFPB
rulemakings, and there remain a number of items related to the mortgage process
that we will be working to address, but we are confident that we can make
progress toward finding solutions regarding these issues.”
For a complete copy of the company’s news release, please
contact:
Rob Van Raaphorst
(202) 557-2799
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