Senate to vote on Richard Cordray nomination for consumer watchdog agency

December 5, 2011 Off By administrator

Senate to vote on Richard Cordray nomination for consumer watchdog agency
News from Boston.com:

WASHINGTON — Richard Cordray’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 Cordray’s nomination and portray the GOP’s reluctance as evidence of a party beholden to Wall Street.

The president’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.

“I disagree with Republicans on this issue,â€� Bro…………… continues on Boston.com

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Consumer Watchdog Accuses Hyundai of Fudging Elantra 40 MPG Claims
News from DailyTech:

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