Tag Archives: cordray

White House Prods Alexander, Corker on Consumer Protection Vote

U.S. Sens. Lamar Alexander and Bob Corker are under pressure from the White House to vote to confirm Richard Cordray as the director of a new federal agency responsible for protecting consumers who deal with the financial industry, reports Michael Collins.
The Obama administration said Monday it intends to wage an aggressive public relations campaign to persuade the two Tennessee Republicans and GOP senators from six other states to confirm Cordray as the director of the Consumer Financial Protection Bureau.
The agency was created under the Wall Street reforms that President Barack Obama signed into law last year. Obama nominated Cordray, a former Ohio attorney general, to head the agency back in June.
But Alexander, Corker and most other Republicans have said they won’t vote to confirm anybody for the position until changes are made in the way the agency operates
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