Senate Republicans Block CFPB Head Nomination

Law360, New York (December 8, 2011, 1:51 PM EST) -- Senate Republicans on Thursday blocked the confirmation of Richard Cordray to lead the Consumer Financial Protection Bureau, holding steadfast in their pledge to vote against any nomination until certain changes are made to improve the fledgling agency’s accountability.

Although a majority of senators voted in favor of Cordray’s nomination, Democrats failed to secure the 60 votes necessary to break a filibuster in a 53-45 vote. Sen. Scott Brown of Massachusetts — who is running for re-election against Elizabeth Warren, the woman who spearheaded the creation of...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.