Dodd, Israel Cite Schleifer’s Experience as a Prosecutor and Financial Regulator

As A Financial Regulator for New York State, Schleifer Prosecuted First-Ever State Action under Dodd-Frank Wall Street Reform and Consumer Protection Act

Former United States Senator Christopher Dodd and New York Congressman Steve Israel announced their endorsement of Adam Schleifer for Congress today in New York’s 17th Congressional District. Citing his work as a frauds prosecutor and state financial regulator, Israel and Dodd pointed to Schleifer’s record holding major financial institutions accountable for taking advantage of consumers and borrowers.

“In Adam Schleifer, residents of Westchester and Rockland Counties would have a thoughtful and talented member of Congress with a strong record of achievement in public service, said Senator Dodd. “As a New York State regulator in the New York Department of Financial Services, Adam was vital member of the team that successfully prosecuted the first-ever state consumer-protection action brought under the landmark legislation that I was proud to author with Congressman Barney Frank in the aftermath of the 2008 economic collapse. Adam is clearly the type of tenacious public servant that we need in Congress, and I am proud to endorse his candidacy.”

“I had the great privilege of serving alongside Congresswoman Lowey for 16 years as a member of the New York congressional delegation. The respect and affection Congresswoman Lowey garners among her colleagues and the accomplishments she’s secured for her district are unrivaled,” said Israel. “In Adam Schleifer, residents of Westchester and Rockland Counties can expect they will have not only someone who stands up for and delivers on behalf of his district, but someone who will be a national leader on issues of justice, financial and economic reform, and environmental protection.  Adam will ensure integrity and accountability in Washington and I am glad to support his candidacy for Congress.”

Senator Chris Dodd represented Connecticut in the U.S. Senate for thirty years, serving as Chairman of the Senate Banking Committee, Chairman of the Democratic National Committee, and as an architect of the Affordable Care Act. Following the financial collapse of 2008, Dodd coauthored and led the efforts to pass the Dodd-Frank Wall Street Reform and Consumer Protection Act, which restored financial stability added important protections for American consumers.

Representative Steve Israel represented the state of New York in the U.S. House of Representatives for sixteen years, including four years as chairman of the Democratic Congressional Campaign Committee, during which he was a chief architect of campaigns to elect Democrats to the House. 

“I am honored to have the support of Senator Dodd and Representative Israel, two lifelong public servants for whom I have the utmost respect,” said Schleifer. “Senator Dodd and Representative Israel are legendary advocates who dedicated their careers to standing up for American consumers, fighting for quality and affordable health care, and championing the success of the Democratic party. I look forward to emulating their examples by working to empower every single American so that each person gets the fair opportunity to pursue their version of the American Dream.” 

The endorsements from Dodd and Israel reflect continued momentum for Schleifer, who, earlier this week, announced backing from two prominent Democrats in northern Westchester: Drew Claxton, former Deputy mayor of Peekskill, and Ossining Deputy Mayor Rika Levin. Earlier month, Schleifer released the first television advertisement to air in the race to succeed Congressperson Nita Lowey, along with the opening of an office in Peekskill in addition to an office in White Plains. Schleifer’s is the only campaign to have opened an office in the northern part of the district. The Schleifer Campaign anticipates the opening of its Rockland Office as soon as public-health circumstances allow. In January, Schleifer’s campaign announced that it had more than $1 million in cash on hand, significantly outpacing opponents.

A former-Assistant United States Attorney, Schleifer prosecuted major federal crimes including major financial frauds, illegal gun possession, environmental crimes, sexual violence and intimidation, and child pornography.

Prior to serving in the Justice Department, Adam served as a Special Associate Counsel for the New York State Department of Financial Services, where he helped lead consumer-protection enforcement efforts against predatory payday and subprime auto lenders who were targeting minorities, veterans, and low-income New Yorkers, and took on fraud and abuse in the health insurance and financial markets. Schleifer’s successful efforts to root out unfair practices in New York and nationwide contributed to fairness, transparency, and efficiency in New York’s banking and insurance markets.

Schleifer, 38, graduated from Chappaqua’s public schools in 1999 and went on to attend Cornell University and Columbia University Law School, where he served as a Senior & Staff Development Editor on the Columbia Law Review. After graduating from law school, Schleifer served two years as a federal law clerk, first in the United States District Court for the Southern District of New York, and then in the United States Court of Appeals for the Ninth Circuit. He and his wife, Nicole, are residents of New Castle.

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