Sen. Wicker Boycotts CFPB Hearing In Protest Of Cordray Appointment

Posted by Orb Staff on January 27, 2012 No Comments
Categories : Residential Mortgage

10815_220px-senatorrogerwickerr-ms Sen. Wicker Boycotts CFPB Hearing In Protest Of Cordray Appointment Sen. Roger Wicker, R-Miss., has announced that he will boycott a Jan. 31 hearing of the Senate Banking Committee in which Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), is scheduled to testify. reports that Wicker said his boycott is a protest against President Obama's Jan. 4 recess appointment of Cordray while the Senate was in pro forma sessions.

‘Let me be explicitly clear,’ Wicker said in an address on the Senate floor. ‘Richard Cordray is not the duly constituted director of the CFPB. His purported recess appointment does not comply with the Constitution, and is in fact a nullity. I will not provide the administration with the appearance of legitimacy in this action, and I will, therefore, not be in attendance at next Tuesday's hearing.’

Wicker also criticized the Justice Department's Jan. 6 internal memo that offered an opinion that the recess appointment of Cordray and three nominations to the National Labor Relations Board were constitutional. Wicker stated that the administration was in error in believing that it could determine whether or not the Senate is in recess.

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