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Cotton Responds to Cordray’s Comments on Senate Vote to Repeal CFPB’s Arbitration Rule

October 25, 2017

Contact: Caroline Rabbitt Tabler (202) 224-2353

Washington, D.C. - Senator Tom Cotton (R-Arkansas) today released the following statement on Consumer Financial Protection Bureau Director Richard Cordray's comments following the Senate vote to repeal the CFPB's arbitration rule:

"Richard Cordray runs an undemocratic agency and he seems to have forgotten the principle of democratic accountability. The unelected Mr. Cordray issued yet another stupid regulation that would hurt consumers, the people's democratically elected representatives voted to stop the regulation, and now Mr. Cordray whines that Congress stopped his stupid regulation. It's well past time for Mr. Cordray to resign and begin his long-expected, losing campaign for Governor of Ohio. If he won't, President Trump should fire him."