Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NEW: Senate Moves Forward To Place Cordray As Official CFPB Head
WASHINGTON (7/16/14, UPDATE 11:45 a.m. ET)--The U.S. Senate just voted 71-29 to end the filibuster against Richard Cordray, whose nomination to officially head the Consumer Financial Protection Bureau has been pending since late 2011. 

The vote for final passage is all but certain at this point, and will allow Cordray to officially take on the post he has filled since Elizabeth Warren left the bureau.  Warren is now a U.S. senator from Massachusetts.
 
Cordray, a former Ohio attorney general, started at the CFPB as its enforcement director. His nomination has drawn strong opposition from many Republicans, who said they would oppose any nominee unless the CFPB's funding and leadership structures were changed.


RSS print
News Now LiveWire
Housing starts swell in July #NewsNow #Market http://t.co/EdKIhXEj9l
11 hours ago
Consumer inflation tapers after spring surge #NewsNow #Market http://t.co/bgvQd8fyuF
11 hours ago
Have you read this one today in #NewsNow? What NCUA examiners look for on cybersecurity efforts: NCUA Report http://t.co/4g5wUavUAe
12 hours ago
.@CFPB sets $2.75M fine v. auto finance co. it says "distorted consumer credit records for years": TX-based First Investors Fin. Serv. Group
13 hours ago
University, college #creditunions add fin ed to higher ed. See #NewsNow http://t.co/NsyshwHPhg
15 hours ago