CFPB Pick's Approval Will Require Compromise, Sen. Says

Law360, New York (February 25, 2013, 7:09 PM EST) -- Sen. Bob Corker, R-Tenn., on Monday said the Obama administration must propose some sort of compromise on the Consumer Financial Protection Bureau's structure in order to get Richard Cordray confirmed as director, qualifying a published report that said the senator was pushing for a compromise.

Corker, a member of the Senate Banking Committee, said he “made some suggestions” to officials in the White House and the U.S. Department of the Treasury about changes they could propose to the structure of the CFPB in order to get...
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