The Bipartisan Policy Center released a report Thursday giving fodder to both sides in the political debate over the structure of the Consumer Financial Protection Bureau.
The think-tank report finds that when the agencies are headed by a single director rather than by a commission, the process of nominating and confirming top officials at federal financial regulators takes much longer.
Congressional Republicans may find this fact beneficial to their debate, however the report also concludes "the Senate has been slower to act on President Obama's nominations at financial regulatory agencies than it was on President George W. Bush's nominations. That point may bolster congressional Democrats' argument that their GOP colleagues are engaging in obstructionism," writes American Banker's Kevin Wack.
The bipartisan report is released in a nearly two-year-old partisan stalemate over the structure of the Dodd-Frank implemented consumer agency.
For the full piece see "Report Gives Fodder to Both Sides in Fight over CFPB Structure" (may require subscription).