Obama Forgoes Chance To Push Through CFPB Nomination

Law360, New York (January 3, 2012, 4:38 PM EST) -- President Barack Obama on Tuesday bypassed the opportunity to recess-appoint Richard Cordray to lead the Consumer Financial Protection Bureau, but left open the possibility that he could appoint Cordray without the Senate's approval in the future.

While Obama did not take advantage of a key window to appoint Cordray during the brief period between the end of the last congressional session and the beginning of the current one on Tuesday, White House officials said the president has not taken this appointment option off the table, making it...
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