Senator Harry Reid has hinted that he might in the next few days use the nuclear option to secure the confirmation of Richard Cordray as Director of the CFPB.
It is vital that the Senate confirm Richard Cordray so the CFPB can get on with its important work. The confirmation of Mr. Cordray will begin to level the playing field and guarantee every consumer fair treatment.
The CFPB, charged by law to protect consumers, has an equally important role to protect honest businesses. Mr. Cordray has repeatedly emphasized the value honest businesses accrue when dishonest businesses are driven out of the marketplace. He has made good on his promise.
I suggest putting a freeze on those debt collector lawsuits until unemployment falls to some more reasonable level -- 6 percent. That would give millions of Americans the breathing space to get back to work -- and then they can catch up on all those old past due debts.
There is a new sheriff in town and he carries a big stick. The sheriff's name is Richard Cordray, Director of the Consumer Financial Protection Bureau, and he is going to shake things up.
People who are at ease may decide their votes in different ways, but people in pain will vote with their emotions. Thirty million Americans are in tremendous pain.
