AP News Menu

Senate ends blockade against consumer chief pick, Cordray
Written by Associated Press   
Tuesday, 16 July 2013 13:36

WASHINGTON (AP) — The Senate has voted to end a two-year Republican blockade that was preventing Richard Cordray from winning confirmation as director of the Consumer Financial Protection Bureau.

Tuesday's 71-29 vote came minutes after Senate Majority Leader Harry Reid announced that he and GOP leaders were working toward a deal aimed at freeing up seven stalled appointments President Barack Obama has made to the consumer agency, the National Labor Relations Board and other agencies.

Obama had used a recess appointment to put Cordray in charge of the agency, an appointment that expires in January. Republicans had solidly opposed Cordray's nomination, demanding that Obama first agree to change the agency's financing and structure.

The consumer bureau was created by the 2010 law that overhauled federal financial regulatory powers following the Great Recession.


Copyright 2013 The Associated Press.

 

Front Page Stories

'Actors' lap up stardom
04/19/2014 | DAVID DUPONT Sentinel Arts & Entertainment Editor
article thumbnail

Margot (performed by Madison Zavitz) interacts with Bruiser (performed by Nugget). (Enoc [ ... ]


Elmwood graduate Trevor Lee shares his Yosemite experience
04/19/2014 | JORDAN CRAVENS Sentinel Staff Writer
article thumbnail

Trevor Lee has traveled to 40 states, and most recently spent 10 months at Yosemite Nati [ ... ]


Other Front Page Articles