Banking Committee Approves Cordray And White Nominations

Posted by Orb Staff on March 19, 2013 No Comments
Categories : Residential Mortgage

13495_richardcordray Banking Committee Approves Cordray And White Nominations The Senate Banking Committee voted along party lines to confirm Richard Cordray's nomination as director of the Consumer Financial Protection Bureau (CFPB).

The 12-10 vote found all of the committee's Democrats favoring Cordray and all of the Republicans in opposition to his nomination. Although the committee has formally approved him, his confirmation by the full Senate has been blocked by Republicans seeking to restructure the CFPB.

The committee also approved Mary Jo White's nomination to lead the U.S. Securities and Exchange Commission. White was approved by a 21-1 vote, with the sole dissent coming from Sen. Sherrod Brown, D-Ohio. White's nomination will be sent to the full Senate for confirmation.

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