In 2014, eight Illinois organizations received over $2.8 million to help enforce fair housing rules. Budget cuts would limit these organizations’ ability to meet critical needs, such as conducting fair housing testing; supporting the recovery from the foreclosure crisis; and advancing the housing rights of people of color, people with disabilities, veterans, seniors, and other underserved communities.
Sen. Mark Kirk (R-IL) voted today to filibuster a vote on President Obama’s nomination of Congressman Mel Watt as the director of the Federal Housing Finance Agency (FHFA). The motion to allow Congressman Watt’s confirmation vote failed on a vote of 56-42 (60 votes are necessary to proceed). The FHFA is a powerful agency that regulates Fannie Mae and Freddie Mac, which invests in more than three-fourths of the nation’s new mortgages. Sen. Richard Durbin (D-IL) voted against the filibuster.
It’s time for a leader who will make priority one preventing further damage from the foreclosure crisis. Sign onto our letter telling Sen. Kirk that homeowners deserve a vote on new leadership at FHFA.
Congressman Mel Watt’s nomination to lead the FHFA will come to a vote this week on the floor of the U.S. Senate. Congressman Watt possesses vast experience in housing issues and has expressed support for policies that will support recovery in our neighborhoods.
Richard Cordray was confirmed today by the full Senate as the Director of the Consumer Financial Protection Bureau on a 66-34 vote. Both Illinois Senators Mark Kirk and Richard Durbin voted in favor allowing the confirmation to proceed to an up-or-down vote, but unfortunately only Sen. Durbin voted to confirm Director Cordray.
As we recently noted, a vote to confirm Richard Cordray as the Director of the CFPB is likely to happen this week. Senator Kirk has blocked Cordray in the past, and we need to let him know that voting against Cordray is voting against Illinois consumers.
How can you make your voice heard on Director Cordray’s confirmation?
Sign on letter urging Sen. Mark Kirk to vote for Richard Cordray's nomination as head of the Consumer Financial Protection Bureau. Sen. Kirk previously voted against moving Cordray's nomination forward and has signed a letter indicating he will oppose the confirmation. A vote against Cordray is a vote for fewer protections for Illinois consumers. Without a director the CFPB will not have the authority to rein in some of the worst actors in the financial industry.
For almost two years, the CFPB has protected consumers from dangerous financial products and returned millions of dollars to those who were victimized by them. Yet these Senators are willing to leave consumers more vulnerable to predatory products not because they have issues with Cordray, but because of objections to the structure of the agency.
The CFPB’s work is too important to be held up by political grandstanding.
The petitions were delivered as part of a national movement during which over 160,000 Americans signed a petition from Americans for Financial Reform asking members of Congress to confirm Cordray let the CFPB continue to do its job of protecting consumers.