Sen. Elizabeth Warren argued that Republicans opposing Richard Cordray's nomination to lead the Consumer Financial Protection Bureau is only meant to undercut the agency's work.
"Blocking Rich Cordray is about weakening the agency," Warren, a Massachusetts Democrat, said in prepared remarks for a Washington meeting of the Consumer Federation of America.
"GOP lawmakers are seeking to replace the agency's single director with a five-member commission as well as subject the CFPB to the congressional appropriations process. But Warren said Cordray has shown he deserves backing from the Senate without any changes," writes American Banker's Joe Adler.
"He deserves an up or down vote. It's time for an up or down vote," Warren told the CFA group. "This will be a hard fight, but I believe in what we can do together."
For the full piece see "Warren: CFPB Opponents Want to Keep 'Game Rigged'" (may require subscription).