Political Capital

Carter Dougherty

Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), speaks during a Senate Banking Committee hearing in Washington on Feb. 14, 2013.

Photograph by Andrew Harrer/Bloomberg

Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), speaks during a Senate Banking Committee hearing in Washington on Feb. 14, 2013.

54 Senators On Record Backing Cordray for CFPB Post

President Barack Obama already knew that Senate Democrats supported his choice of Richard Cordray to direct the Consumer Financial Protection Bureau. So why did 52 Democrats and two like-minded independents put their signatures to a letter today telling him what he...

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Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), testifies during a Senate Banking Committee hearing in Washington.

Photograph by Andrew Harrer/Bloomberg

Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), testifies during a Senate Banking Committee hearing in Washington.

Single Consumer Director? Depends on Which Agency You Mean

Almost from the moment that the Consumer Financial Protection Bureau was created in 2010, Republican and Democratic lawmakers began fighting over whether the agency should be run by a commission or a director. Democrats are content with the single-director structure...

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