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CFPB Director Cordray confirmed by Senate

Sun, Jul 21, 2013

Washington, District Of Columbia

Consumer Financial Protection Bureau (CFPB) Director Richard Cordray was confirmed to a full five-year term on Tuesday, July 16.  The vote to install President Obama’s choice to head the CFPB followed a tense few weeks of escalating rhetoric over the role of filibusters in the confirmation process for executive appointments.  Senate leaders avoided a historic procedural skirmish by reaching an agreement that would allow the Senate to vote on five stalled appointments, including Cordray’s nomination, in exchange for President Obama nominating two different individuals to serve on the National Labor Relations Board and Senate Majority Leader Harry Reid (D – NV) agreeing to not make changes to the chamber’s filibuster rules.  After the Senate reached this agreement, Cordray went on to receive approval by a 66-34 vote.