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Latest Richard Cordray Items
Despite backing the board and its new chief, even Democrats are expressing concern over an early ruling from the Consumer Financial Protection Bureau warning auto dealers that offering to strike deals on car loan interest rates could be discriminatory.
The Legislative District 26 Republican Party in Arizona has spoken, and they're not happy with Sen. John McCain. The group issued a sharp and formal written rebuke of their senator, calling his work across party lines — particularly with Democratic Sen. Majority Leader Harry Reid — destructive to GOP party principles.
Senate Majority Leader Harry Reid, sounding like a whining kid on a playground who can't get his way, says "the Senate is broken and needs to be fixed."
President Obama said Wednesday that the official swearing-in of Richard Cordray as director of the fledgling Consumer Financial Protection Bureau will guard against "a few bad apples in the financial sector" ripping off middle-class consumers.
The "nuclear option" has been defused — for now — after Republican senators said Tuesday they would drop their blockade of Richard Cordray to be the new head of a consumer protection bureau, ending for now what had appeared to be a major crisis over the filibuster and minority rights in the Senate.
Bowing to an ultimatum, Senate Republicans agreed Tuesday to drop objections to key Obama administration nominees, delivering a victory to Senate Democrats who said they will shelve — for now — their own plans to change the rules and curtail filibusters.
The Senate on Monday unanimously confirmed President Obama's appointment of Mary Jo White to lead the Securities and Exchange Commission, even as Republicans continue to reject Richard Cordray, who was nominated at the same time to head another financial watchdog agency.
The government not only has a right to regulate the American people, but regulation is really the key to the country's success, Democratic Sen. Elizabeth Warren said on Thursday.
Senate Republicans used the confirmation hearing for the head of President Obama's new Consumer Financial Protection Board to air their continued unhappiness with the agency's funding and what they said was its lack of accountability.