WASHINGTON – The Senate yesterday declined to hold a full vote on President Barack Obama’s nominee to head up the Consumer Financial Protection Bureau, defeating a cloture motion by a 45-to-53 vote.
Processing Content
Sixty “yes” votes were needed to bring Cordray's confirmation vote to the Senate floor. The president said he plans to continue to push for the nomination.
President Obama said the White House would “continue pushing on this issue.” Senate Republicans had earlier indicated they would block any nominee for the agency if certain structural changes were not made to the CFPB.
One day earlier the CFPB unveiled its new proposed credit card disclosure language plan, which is being piloted by Pentagon FCU.
