Cordray Nomination May Reignite Old CFPB Battles

Law360, New York (January 24, 2013, 8:08 PM EST) -- President Barack Obama's renomination of Richard Cordray to lead the Consumer Financial Protection Bureau is likely to revive the heated Senate battles over the CFPB's structure and funding that forced the president to install Cordray in a controversial recess appointment after his initial nomination bogged down.

Cordray's original 2011 nomination was entangled as the Obama administration and his Democratic allies in Congress battled with Senate Republicans over the CFPB's single-director structure and its funding through the Federal Reserve rather than through the congressional appropriations process....
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