Fight Over CFPB's Power Likely To Dominate Cordray Hearing

Law360, New York (March 11, 2013, 7:56 PM ET) -- Senators are poised for a tough battle over the Consumer Financial Protection Bureau’s leadership structure at Tuesday’s confirmation hearings for its current director, Richard Cordray, reviving a battle over the agency's powers that will likely overshadow much-needed discussions about the agency’s agenda and enforcement practices, observers say.

The CFPB since its inception has been dogged by a political fight over its single-director leadership structure and its placement outside of the congressional appropriations process since its creation in the 2010 Dodd-Frank Act. Republicans have vowed not to...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required