Sens. Battle Over Confirmation Of CFPB Head

Law360, New York (September 06, 2011, 9:14 PM ET) -- Democrats on the Senate Committee on Banking, Housing and Urban Affairs urged their Republican counterparts on Tuesday to abandon their plan to block the confirmation of a Consumer Financial Protection Bureau director until changes are made to the fledgling agency's structure.

During a hearing to consider the nomination of Richard Cordray to lead the new bureau, Republican lawmakers reiterated their long-standing refusal to confirm any nominee until certain amendments were made to improve the agency's accountability, even though neither parties raised any issues regarding Cordray's qualifications....
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