WASHINGTON — The Senate Banking Committee will vote Thursday morning on the nomination of Richard Corday to be the first director of the Consumer Financial Protection Bureau.
The nomination is expected to pass the Democratic-controlled committee, but is not expected to advance to the Senate floor anytime soon.
A group of 44 Republicans — enough to filibuster the nomination — have vowed to block the confirmation of any CFPB director until the bureau is led by a five-member board, rather than by a single director. They also want to subject the bureau to the appropriations process, and make it easier for a council of regulators to overturn the bureau's rules.
Corday, who was nominated on July 18, is the former attorney general of Ohio and is currently serving as the bureau's enforcement chief.
