Senate Republicans block CFPB nominee

12/9/2011 | Politico (Washington, D.C.)

Republicans in the Senate have blocked the confirmation of Richard Cordray, President Barack Obama's nominee to head the Consumer Financial Protection Bureau. Without a confirmed director, the bureau cannot exercise many of its powers. The White House hasn't ruled out the use of a recess appointment for Cordray.

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Politico (Washington, D.C.)

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