Obama to Appoint Cordray Consumer Watchdog Chief
President Obama will use a recess appointment to name Richard Cordray head of the Consumer Financial Protection Bureau, the Associated Press (AP) reports this morning. Cordray’s nomination has been blocked by Senate Republicans who want to gut the agency that was created by 2010’s Wall Street reform legislation.
Cordray is just one of hundreds of nominees Republican senators have bottled up and they have vowed to block any nomination to the National Labor Relations Board (NLRB), which now has just two members and cannot issue most decisions, according to a 2010 U.S. Supreme Court ruling. The AP reports Obama is expected to name other recess appointments later today. Read more here.


