After Harry Reid’s threat to amend Senate rules broke the longstanding Republican filibuster, Richard Cordray was finally confirmed Tuesday as the head of the Consumer Financial Protection Bureau. The CFPB, which was created as part of the Dodd-Frank Wall Street Reform Act, regulates consumer financial products so that they work for ordinary Americans.
MSNBC’s Chris Hayes was joined by the visionary of the bureau, Senator Elizabeth Warren, to celebrate Cordray’s confirmation and discuss what’s next in the fight to reign in Wall Street.
Why were the banks fighting against CFPB? Because it works.