TPMDC Barney Frank: December 2011
Financial Reform
Sr. White House Official: GOP Consumer Bureau Demands 'Unacceptable'
President Barack Obama
The White House making a big public push to pressure moderate Republicans to support Richard Cordray, President Obama's nominee to run the new Consumer Financial Protection Bureau, when the Senate votes on his confirmation Thursday. Nearly all Senate Republicans have vowed to filibuster any potential director until Democrats agree to dramatically scale back the bureau's regulatory power.
In a background briefing with reporters Monday, a senior White House official said the GOP's demands won't fly.
PERMALINK | COMMENTS | RECOMMEND RECOMMEND (0)Topics: Barack Obama, Barney Frank, Chris Dodd, Consumer Financial Protection Bureau, Elizabeth Warren, Filibuster, Financial Reform, Wall Street
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