Analysis: Cordray confirmation dims hopes of commission structure

07/18/2013 | Star Tribune (Minneapolis-St. Paul, Minn.) ·

Republicans have lost leverage in their fight to convert the Consumer Financial Protection Bureau's leadership to a commission structure, now that the Senate has confirmed Richard Cordray as director. A commission would be more effective, says Richard Hunt, president and CEO of CBA. "We thought there was enormous power in the hands of one individual," he says. "With a commission you have a more deliberative body." Sen. Bob Corker, R-Tenn., says he will continue to push for the change.

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Star Tribune (Minneapolis-St. Paul, Minn.) ·

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