Sen. Richard Shelby on Why He’s Blocking the New Consumer Czar’s Confirmation

By: Robert Bluey (Diary)  |  October 13th at 03:00 PM  | 

Richard Cordray, President Obama’s pick to lead the Consumer Financial Protection Bureau, won approval from the Senate Banking Committee last week on a party-line vote. His confirmation to run the new agency faces fierce opposition from Republicans, who have vowed to block Senate approval until reforms are made to the agency. Sen. Richard Shelby (R-AL) is leading those calls for reform. As the ranking Republican on the | Read More »