Senate Democrats Complete Battle Lines Over CFPB Nomination

more+
less-

On February 14, 54 of the 55 Senators in the Democratic caucus joined a letter to President Obama supporting the nomination of Richard Cordray to lead the CFPB and expressing opposition to “efforts to weaken the CFPB through structural changes.” The letter responds to a recent letter to the President from Senate Republicans reiterating their opposition to confirming any nominee as CFPB Director until the structure of the agency is changed. In responding, the Democratic Senators state that never before has a President’s nominee to lead an agency been obstructed on such a basis, and point out that a supermajority of the Senate approved the structure as it exists today.

Topics:  Administrative Appointments, Barack Obama, CFPB, Richard Cordray

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

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© BuckleySandler LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »