WASHINGTON – U.S. Senator Bob Corker, R-Tenn., a member of the Senate Banking, Housing and Urban Affairs Committee, today commented on President Obama’s nominations for chairman of the Securities and Exchange Commission (SEC) and director of the Consumer Financial Protection Bureau (CFPB):

“I want to make sure both nominees are committed to working with Congress on technical and policy improvements to Dodd-Frank. The SEC needs to address the potential taxpayer liability from money market mutual funds,” said Corker. “Regarding the CFPB, while I respect Richard Cordray as a substantive person who has shown thoughtfulness in writing regulation up to now, I still have reservations about the CFPB’s structure, namely the lack of a board to help ensure sound policy and accountability, and I look forward to discussing with him how to address those concerns.” 


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