Senators focus on CFPB structure at Cordray's hearing

03/12/2013 | CBS MoneyWatch · Bloomberg · Wall Street Journal, The

A confirmation hearing Tuesday for Consumer Financial Protection Bureau Director Richard Cordray, whom President Barack Obama has nominated for a second term, centered more on the agency's structure and funding than on Cordray's qualifications to lead it. CBA President and CEO Richard Hunt says CBA supports changing the sole director leadership role at CFPB into a commission "so it endures the test of time, not just the next election."

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CBS MoneyWatch · Bloomberg · Wall Street Journal, The

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