The Senate voted to confirm Richard Cordray as the Director of the CFPB. Mr. Cordray has served as acting director of the CFPB since his recess appointment in January 2012. He was re-nominated by President Obama to obtain Senate consent at the end of 2013 before his recess appointment expired. In speaking on his confirmation, Director Cordray stated that his confirmation brought "added certainty to the industries [the CFPB] oversee[s]."
Alert July 23, 2013