Statement from AFSA on CFPB Richard Cordray’s Resignation
Statement from Chris Stinebert, President & CEO
American Financial Services Association (AFSA)
“While not always agreeing with Director Cordray’s decisions and rationale for those decisions, we wish him well in his future endeavors,” said Chris Stinebert, President and CEO of the American Financial Services Association (AFSA). “We appreciate his dedication to the interests and the protection of consumers. Unfortunately, his decisions were not always completely developed and created undue burden on consumers’ access to credit, which curtailed lending to the consumer that the Bureau is mandated to protect.”
AFSA looks forward to working with Cordray’s successor in the protection of consumers and providing safe, affordable access to credit in communities across the United States.
Based in Washington, D.C., the American Financial Services Association (AFSA), now in its 101st year, is the national trade association for the consumer credit industry, committed to protecting access to credit and consumer choice. Its 400 members include traditional installment lenders, vehicle finance/leasing companies, consumer and commercial finance companies, mortgage lenders and servicers, payment card issuers, industrial banks and industry suppliers. For more information, visit www.afsaonline.org.
November 15th, 2017 by AFSA