Consumer watchdog nominee advances; Cordray faces GOP blockade on Senate floor
http://dervishcom.blogspot.com/2011/10/consumer-watchdog-nominee-advances.html
In a largely symbolic vote along party lines, the Senate banking committee on Thursday approved former Ohio attorney general Richard Cordray to lead the new federal consumer watchdog agency even as Republicans reiterated their pledge to block him on the floor.
Cordray's nomination has become a flash point in the larger political battle over how the Consumer Financial Protection Bureau should be structured. The agency was the centerpiece of President Obama's plan to overhaul the nation's financial system, but it cannot employ many of its powers until a director is named.
Read full article >>
--
Source: http://feeds.washingtonpost.com/click.phdo?i=a224e31f36fbe653d8d4a728377f2151
~
Manage subscription | Powered by rssforward.com
