Senate approves Cordray's nomination as head of CFPB

After a battle lasting nearly two years, the Senate has voted 66-34 to confirm Richard Cordray as director of the Consumer Financial Protection Bureau. Republicans say they agreed to move forward with Cordray's and others' nominations as part of a good-faith gesture to avert changes to filibuster rules. "Obviously, a significant amount of leverage has been removed," said Sen. Mike Crapo, R-Idaho. "But I believe that the arguments in favor of reforming the agency are still very powerful."

View Full Article in:

Wall Street Journal (tiered subscription model), The · New York Times (tiered subscription model), The · Hill, The