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Dear Friend, It's amazing! You and over 330,000 other members of CREDO Action and the Progressive Change Campaign Committee have joined members of Congress, top academics, and progressive organizations in calling on President Obama to nominate Elizabeth Warren to lead the Consumer Financial Protection Bureau. The media has taken notice of what we're doing. Last week, stories about our effort appeared in Reuters, Bloomberg News, CNN and Talking Points Memo. And the media aren't the only ones taking note about the momentum behind Professor Warren. Senate Republicans are so scared of her, they prevented the Senate from officially recessing last week. Although this pushed back the next opportunity for President Obama to make a recess appointment, President Obama still faces a legal mandate to have a director of the CFPB in place by July 21st. He needs to make a choice soon, and we need to speak out to make sure he picks Elizabeth Warren. Last month, 44 Republican Senators pledged to filibuster the nomination of anyone to head the Consumer Financial Protection Bureau unless the agency itself is significantly weakened. This threat makes it much more likely that President Obama will have to use his constitutional authority to make a recess appointment to fill the top slot at the agency. And if President Obama uses a recess appointment, he has no reason not to pick Warren — a respected Harvard professor who is currently doing an excellent job working to get the CFPB off the ground. Professor Warren has proven that she is willing to stand up to Wall Street on behalf of consumers, which is why Washington and Wall Street insiders are trying to block her appointment. But the buck stops at President Obama. He can and should choose the very best person to run the CFPB. And there's nobody better for that position than Elizabeth Warren. Thank you for speaking out. Matt Lockshin, Campaign Manager |
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