U.S. Rep. Blaine Luetkemeyer (MO-03) issued the following statement in response to CFPB Director Richard Cordray’s resignation announcement:  

“Under Richard Corday’s directorship, the CFPB has buried the economy and the financial services industry under an avalanche of regulations,” Luetkemeyer said. “Many of these regulations are misdirected, drafted by bureaucrats under the influence of flawed statistics in opposition to their own studies, and without an understanding of the business models they are affecting. It is my hope that Director Cordray’s predecessor will work to enhance accountability, expand consumer choice, and promote economic opportunity.”