Pelosi Statement on New Acting Director of the Consumer Financial Protection Bureau Leandra English

Washington, D.C. – Democratic Leader Nancy Pelosi issued the following statement after outgoing CFPB Director Richard Cordray named longserving CFPB official Leandra English to serve as Deputy Director:

“The law is clear: after Director Cordray’s departure, Deputy Director Leandra English will serve as Acting Director until a new Director is confirmed by the Senate.

“All Americans should be deeply concerned about the White House’s cynical decision to flout the law and attempt to put the ringleader of its dangerous, anti-consumer protection policies in charge of the CFPB.  Mick Mulvaney has led the shameful crusade to destroy the CFPB from the beginning, and his sham appointment would subject the Bureau to the influence of the same bad actors on Wall Street who brought the country to the brink of collapse a decade ago.  As the Director of the Office of Management and Budget, Mulvaney also has no business leading an independent agency that the Administration has constantly tried to tear apart.

“The American people deserve a champion that protects them from predatory bankers and lenders, not the leadership of a Wall Street pawn who denigrates consumer protection as a ‘sick, sad joke.’  Democrats will be firm in defending the rightful appointment of Leandra English as Acting Director and protecting all Americans from abuse at the hands of Wall Street.”

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