President Obama hailed the Senate confirmation this week of Consumer Financial Protection Bureau (CFPB) Director Richard Cordray and painted the GOP as standing in the way of reform.
“Two years ago, I nominated a man named Rich Cordray, a former attorney general from Ohio, to run this consumer protection bureau. But Republicans in the Senate refused to give him a simple up-or-down vote, not because they didn’t think he was the right person for the job, but because they didn’t like the law that set up the consumer watchdog in the first place,” Obama said.
Cordray was finally confirmed this week after Senate Democrats and Republicans came together on a wide-ranging compromise on the confirmation of executive branch nominees.
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Saturday, July 20, 2013