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Senate GOP Blocks Obama CFPB Nominee

Richard Cordray won't head consumer protection bureau

By Kate Schwartz,  Newser Staff

Posted Dec 8, 2011 10:39 AM CST

(Newser) – As expected, Senate Republicans today blocked President Obama's choice to head the Consumer Financial Protection Bureau he created. Few questioned Richard Cordray's credentials for the job, notes the AP, which reports that the former Ohio attorney general fell victim to a "particularly nasty partisan fight." Only one of the Senate's 47 Republicans—interestingly, Scott Brown, who likely faces off against Elizabeth Warren in his re-election campaign next year—joined the Democrats in voting for Cordray, leaving them short of the 60 necessary votes.

"This is not about the nominee, who appears to be a decent person and may very well be qualified," said Republican Sen. Orrin Hatch. "It's about a process that is running out of control." Republicans complain that the agency, which officially opened in July, enjoys far too much power with far too little accountability; 45 Senate Republicans have signed a letter to Obama pledging to vote against any nominee to head the agency unless changes are made in its structure.

Rich Cordray.
Rich Cordray.   (AP Photo/Jacquelyn Martin)
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COMMENTS
Showing 3 of 20 comments
Watching4theMODS
Dec 8, 2011 3:36 PM CST
The Senate has the power to change the rules by a simple majority vote. Enough already Dems stop letting the minority hurt America, you have the power and the votes USE IT! Vote to allow appointment by a simple majority and vote Cordray in. Stop letting this minority bully you around!
ILikeMyDogMoreThnU
Dec 8, 2011 2:14 PM CST
Dear Journalist everywhere...the word is not BLOCKED it is FILIBUSTERED. Call a spade a spade please.
WallyEFunk
Dec 8, 2011 2:11 PM CST
MMmm Very quite from some poster's, that say no party has the people interests at heart. Very quite for republican backers as a whole ? Even they like the Bank regulations, Obama come out with already. Obama 2012, give him a major majority, then all can see if his policies will be good or bad, because some of them might be passed, until them, this is no one's term.

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