Obama Re-nominates Cordray as CFPB Director (Jan. 24, 2013)
Jan. 24, 2013
Wasting little time following his inauguration on Monday, President Barack Obama this afternoon has re-nominated Richard Cordray as director of the Consumer Financial Protection Bureau (CFPB). The confirmation process for the former Ohio Attorney General could be rocky, considering Obama’s appointment of Cordray last year during a congressional recess.
“There were no objections on substance to his nomination. Unfortunately, it was blocked [in 2011] for political considerations because some folks in Congress don’t believe that we should have an effective Consumer Financial Protection Bureau,” White House Press Secretary Jay Carney told reporters this morning. “He has done an excellent job in his position, and the President hopes very much the Senate will confirm him.”
