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Released: February 01, 2012
Consumer agency chief’s appointment is invalid, GOP senators say
Source: Jim Puzzanghera, Los Angeles Times (Free Registration)
Republican senators warned the director of the Consumer Financial Protection Bureau that they believed his recess appointment was invalid and that new agency rules would be challenged in court, leaving businesses uncertain about what rules to follow.
Republicans were so upset with President Obama’s appointment of Richard Cordray last month that one boycotted the director’s Senate Banking Committee appearance Tuesday and another promised never to work with the president on pending nominations that need the Senate’s approval.
Read Full Article: Consumer agency chief’s appointment is invalid, GOP senators say
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