She Gets It. She Just Flat Gets It.

[ProSense]

13. Take heart

"when she was kicked out of Washington after her faux pas of instigating the CFPB"

...that allowed her to run for Senate, and now she's back in Washington.

Statement from Sen Elizabeth Warren on re-nomination of Richard Cordray to lead the Consumer Financial Protection Bureau

"I am very pleased that the President has decided to re-nominate Rich Cordray as Director of the Consumer Financial Protection Bureau. I worked with Rich to set up the agency and believe he is a strong leader with a proven track record of fighting for consumers and pushing for a level playing field between big banks and smaller financial institutions like community banks and credit unions. The CFPB has had an extraordinary first year and a half - holding credit card companies accountable for cheating consumers and adopting the first set of rules to clean up the mortgage market. Senate confirmation of Rich's nomination will continue this momentum, benefitting families, establishing certainty, and safeguarding the economy as a whole from reckless and dangerous consumer lending."

http://www.warren.senate.gov/record.cfm?id=339361

Richard Cordray's uncertain future

By Steve Benen

President Obama made two interesting personnel announcements yesterday, nominating Mary Jo White to lead the Security and Exchange Commission, and Richard Cordray to continue leading the Consumer Financial Protection Bureau. The former is fascinating in its own right -- White's legal career makes her an interesting choice for the SEC -- but it's worth pausing to ponder Cordray's fate.

<...>

You'll recall that President Obama and congressional Democrats created the CFPB in 2010, over the fierce opposition of congressional Republicans and financial industry lobbyists. Elizabeth Warren, now a Democratic senator, helped establish the office, and Obama tasked Cordray with leading the agency.

But that proved to be trickier than it should have been. When Senate Republicans refused to allow a confirmation vote on Cordray's nomination, Obama gave him a recess appointment, along with new members of the National Labor Relations Board. This morning, a federal court said the NLRB appointments were improper since Congress wasn't technically in recess, and though the case didn't involve Cordray specifically, the court's decision creates some uncertainty about the status of his position.

While that's sorted out, the obvious question is straightforward: why can't Cordray get an up-or-down vote?

- more -

http://maddowblog.msnbc.com/_news/2013/01/25/16698683-richard-cordrays-uncertain-future

Appeals court: Obama's recess appointments to labor board are unconstitutional
http://www.democraticunderground.com/10022258065