Obama To Appoint CFPB Head Without Senate Approval

Law360, New York (January 04, 2012, 12:10 PM ET) -- President Barack Obama will recess appoint Richard Cordray to lead the Consumer Financial Protection Bureau to circumvent staunch opposition from Senate Republicans who have vowed to block any nomination until several changes are made to improve the bureau's accountability, a White House official said Wednesday.

The U.S. Senate rejected Cordray's nomination in a December vote and has been holding “pro forma” sessions — in which a senator reports to Capitol Hill every three days to prevent a technical recess — since adjourning for its holiday break....
To view the full article, register now.