U.S. Senate Republicans Block Cordray for Consumer Bureau
This article is for subscribers only.
Republicans in the U.S. Senate today blocked the nomination of Richard Cordray as the first director of the Consumer Financial Protection Bureau. The vote, on a motion to end debate, was 53-45, with 60 votes required to move the nomination ahead.
In a televised statement after the vote, President Barack Obama insisted his administration would continue its efforts to get Cordray, a former Ohio attorney general, into the job.