Senate to vote on Richard Cordray nomination for consumer watchdog agencyDecember 5, 2011
Senate to vote on Richard Cordray nomination for consumer watchdog agency
News from Boston.com:
WASHINGTON — Richard Cordrayâ€™s nomination to lead the the Consumer Financial Protection Bureau is expected to be taken up Thursday by the Senate, but it is expected to fail because of Republican opposition.
President Obama nevertheless launched a campaign this week to lobby for Cordrayâ€™s nomination and portray the GOPâ€™s reluctance as evidence of a party beholden to Wall Street.
The presidentâ€™s politicking prompted Senator Scott Brown of Massachusetts today to reiterate his support for Cordray. He is the only Republican to publicly back him. He was only one of two Senate Republicans who did not sign a letter vowing to oppose the confirmation of any nominee to the fledgling consumer watchdog agency.
The bloc of 45 GOP senators, who are calling for the agency to be restructured, is enough to sustain a nomination-squelching filibuster.
â€œI disagree with Republicans on this issue,â€� Bro…………… continues on Boston.com
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