Senate appears to be nearing vote on Cordray renomination

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Bloomberg has reported that, according to a spokesman for Senate Majority Leader Harry Reid, the Senate will vote next week on whether to advance President Obama’s renomination of Richard Cordray to serve as CFPB Director.

As reported by Politico, Senator Reid is expected to file a motion to cut off debate on Mr. Cordray’s renomination before the Memorial Day recess but the vote on his motion may not occur until after the Senate returns from its break in the first week of June. Politico also reported that Senator Reid might attempt to change the Senate’s  filibuster rules to prevent Republicans from using a filibuster to block the renomination.

Topics:  CFPB, Nominations, Richard Cordray

Published In: Consumer Protection Updates, Elections & Politics Updates, Finance & Banking Updates

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