Senate Dems Vow To Keep Cordray At Helm Of CFPB

Law360, New York (February 14, 2013, 4:49 PM EST) -- U.S. Senate Democrats on Thursday rejected Republicans' calls to have a commission lead the Consumer Financial Protection Bureau, setting the stage for a brawl over the confirmation of CFPB director Richard Cordray, whose controversial recess appointment will expire at the end of the year.

Republicans renewed their call for a commission to be placed at the top of the CFPB, which is currently run by a single director, after President Barack Obama renominated Cordray to helm the powerful agency in January. Those calls grew louder after...
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