Veterans Praise Appointment of Cordray to Head Consumer Protection Agency

 ·, Press Release

Vets look forward to meeting new head of Consumer Protection Financial Bureau, and with Holly Petreaus, Head of Office of Servicemembers Affairs in New Agency

Washington, DC -, the largest progressive group of Veterans in America, today praised President Obama for his recess appointment of Richard Cordray to head the Consumer Protection Financial Bureau.  With the appointment official, the agency will now be allowed to begin work, including protecting America's uniformed military from predatory lending and wrongful foreclosures.  Protection of servicemembers will largely fall to Holly Petraeus, wife of retired General David Petraeus, who will head the Office of Servicemembers Affairs in the agency.

"Richard Cordray is eminently qualified to head this agency - no one disputes that in either party," said Jon Soltz, Iraq War Veteran, and Chairman of  "Republicans filibustered his nomination simply because they didn't want this office to have any teeth.  That's wrong, and hurt our men and women in uniform who need an advocate.  The President's bold move is extremely welcome, and we thank him for standing up for our men and women in uniform, as he's done on multiple occasions."

"We look forward to sitting down with Richard Cordray and Holly Petraeus, to discuss some of the most pressing financial issues for servicemembers, and how we can best protect them from predatory lenders," said Soltz.  "We know they will be fantastic advocates."

Founded in 2006,  and backed by over 100,000 members, the mission of is to use public issue campaigns and direct outreach to lawmakers to ensure that troops abroad have what they need to complete their missions, and receive the care they deserve when they get home. also recognizes veterans as a vital part of the fabric of our country and will work to protect veterans' interests in their day-to-day lives. is committed to the destruction of terror networks around the world - with force when necessary - to protect America.  While non-partisan, the group is the largest progressive organization of veterans in America.



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