Stalemate Over CFPB Director Nominee

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					government affairs
                               By Leah Dempsey




 Stalemate Over CFPB Director Nominee
 The Wh
				
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Description: Democrats, on the other hand, have been adamant that it's essential to confirm a director as soon as possible. CFPB advocates argue the construct of the CFPB is not as unique as alleged by Republicans. Some have argued that the supervisory positions in the Federal Deposit Insurance Company and the Comptroller of the Currency are not entirely different than the CFPB's director position.On Dec. 5, the White House published a report, "Improving Americans' Financial Security: The Importance of a CFPB Director," which urged Congress to confirm Cordray. This was followed by a full-on White House push to hold a vote on the nomination."I will not take any options off the table when it comes to getting Richard Cordray in the Consumer Financial Protection Bureau," [Obama] said. "My hope and expectation is that the Republicans who blocked this nomination come to their senses."
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