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Senate panel approves Richard Cordray for consumer bureau

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babsbunny Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-07-11 07:24 AM
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Senate panel approves Richard Cordray for consumer bureau
http://www.rawstory.com/rs/2011/10/06/senate-panel-approves-richard-cordray-for-consumer-bureau/

By Eric W. Dolan
Thursday, October 6, 2011

The Senate Banking Committee on Thursday narrowly approved Richard Cordray to be the first ever Director of the Consumer Financial Protection Bureau, but his nomination is expected to be halted by Republicans in the full Senate.

The Bureau was created by the Dodd–Frank Wall Street Reform and Consumer Protection Act to regulate mortgages, credit cards and other financial goods and services.

The committee voted 12 to 10 along party lines.
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mod mom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-07-11 07:38 AM
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1. Rich Cordray was an excellent AG in Ohio & will be on the right side in the CFPB!
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