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A Senate committee voted 12-10 today to advance the nomination of former Ohio Attorney General Richard Cordray to become the first head of the newly-created Consumer Financial Protection Bureau.
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Bankers Meet With Democrats to Push for Bipartisan CFPB Commission. The banking industry sees moderate Senate Democrats who are up for reelection in 2018 as targets in their effort to change the agency. While CBA declined to say which Senate offices participated in Tuesday’s meetings, Sens. Heidi Heitkamp (N.D.),
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Cordray vote leaves GOP at a loss. The end of the Cordray confirmation fight “does not eliminate the need to reform the agency,” Mike Crapo, the top Republican on the Senate Banking.
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· A Democratic Senate leader and a democratic judiciary committee chairman could presumably prevent a nominee from even coming to a vote, just as Mr. McConnell did.. While many compare the fight.
· Bloomberg News. A U.S. Senate panel delayed action on two nominees for the Securities and Exchange Commission, adding to uncertainty over when the regulator will have a full slate of members. Senate Banking Committee Chairman Richard Shelby suspended a vote Thursday on several nominees for federal agencies after Democratic lawmakers said they.
Democrats Stand with President Obama on Cordray Nomination WASHINGTON, DC – Today, Senate majority leader harry Reid and Senate banking committee chairman tim Johnson (D-SD) spearheaded a letter to President Obama, signed by 54 Senate Democrats and Independents, commending him for his support for the Consumer Financial Protection Bureau (CFPB.
Yesterday, in a 12-10 party line vote, the Senate Banking Committee approved Richard Cordray’s nomination to be CFPB Director. This means the nomination is now headed for a vote by the full Senate. It is expected that Republican Senators will attempt to block a final vote while they push their call for major structural changes.
Richard Cordray, President Obama’s choice to head the new consumer financial protection bureau, came to Capitol Hill for his confirmation hearings on Tuesday. And, by all accounts, even Republican.